> Be careful conflating "never made a profit" with not having a business. At 10 years in, this isn't a conflation--these are just equivalent. > Early stage st

> Be careful conflating "never made a profit" with not having a business. At 10 years in, this isn't a conflation--these are just equivalent. > Early stage startups often get 50x that or higher. ...and this makes sense for some early-stage startups. But Twitter isn't an early-stage startup.