4 ms·
Zero offense taken. The VCs know what they are doing. Growth is absolutely king because it’s where you are going not where you are. Profits would be like divi
by zaroth 8y ago
Zero offense taken.
The VCs know what they are doing. Growth is absolutely king because it’s where you are going not where you are.
Profits would be like dividends - literally counting against you for not knowing what better to do with the money and instead giving 20%+ away to taxes.
Consistent (aka stagnant) profit is like running a zombie startup. Very difficult to exit that.
- chiefalchemist 8y ago> "Consistent (aka stagnant) profit is like running a zombie startup. Very difficult to exit that." I think you might have inadvertently adjusted - in a good way - the valuation lens. That is, it's not about valuation per se in the more traditional sense but valuation relative to exit / the ability to exit. That is to the VCs, that's ultimately the goal / figure that matters. And their POV takes form of the public (to so speak) valuation. Put another way, it's not about the (broader) market per se, it's about the VC market. That is, now $1.1B kinda makes sense.