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Are you referring to unicorn startups funded with venture capital money? Most of those companies don't have to worry about being profitable in the near short te
by HeroOfAges 10y ago
Are you referring to unicorn startups funded with venture capital money? Most of those companies don't have to worry about being profitable in the near short term (<2 years). Snap Inc. raised $2.5 billion dollars or so and has around 300 employees. I'm having a hard time believing a company that raised over $2 billion dollars, has 300 employees and doesn't have to worry about turning a profit will run out of business if they paid their software developers market rates.