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What if Reddit is around for 50 years, paying dozens of employees the whole time while never making a net profit. Would that not be a successful company to esse
by Reedx 10y ago
What if Reddit is around for 50 years, paying dozens of employees the whole time while never making a net profit. Would that not be a successful company to essentially everyone? (except the investors)
- Alupis 10y agoIf all your business does it extract money from investors and deposit it into employee's pockets (and never generates self sustaining revenue, let alone turn profits), I think we'd call that a charity, more than anything.
- Reedx 10y agoYeah, I should have been clearer - the assumption is that it would have self sustaining revenue at some point (I can't imagine many investors would keep putting $ into it after 50 years). It would just be a break even business. That's why I would say it's a success to everyone but the investors who never got their payday.
- jonknee 10y ago> That's why I would say it's a success to everyone but the investors who never got their payday. Yes, so it would not be a successful venture backed company. Lifestyle businesses are fine if you pay for them. When someone else invests and expects a return you need to provide a return to be successful.
- deleted 10y ago[deleted]
- kasey_junk 10y agoNo. That would be a very unsuccessful company.