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> How many investors turned down Airbnb, Uber, and DropBox? A lot. Airbnb and Uber barely generate profit domestically and operate at a loss internationally. E
by _pmf_ 10y ago
> How many investors turned down Airbnb, Uber, and DropBox? A lot.
Airbnb and Uber barely generate profit domestically and operate at a loss internationally. Every investor not betting on inflated share prices has been smart not investing in those.
- rdlecler1 10y agoBy your logic you shouldn't invest in a university education because you're not earning a profit while at University. This is what's important to understanding startup economics: IF: CAC < NPV(LTV) THEN: reinvest your earnings and generate zero to negative profit. Where: CAC: Customer Acquisition Cost LTV: Lifetime Value of the Customer NPV: Net Present Value
- kenbaylor 10y agoUber brought in close to a billion in profit in it's developed markets (mostly USA) last year