So if you want to fundraise, you must be profitable? If that’s the case, what’s the point of fundraising? A lemonade stand is more profitable than Slack, but th

So if you want to fundraise, you must be profitable? If that’s the case, what’s the point of fundraising? A lemonade stand is more profitable than Slack, but the upside potential for Slack is vastly greater. So showing a GAAP profit suggests that a lemonade stand is more valuable and worthy of an investment than Slack? Should Tesla be delisted? How about Amazon? They didn’t make a profit for the majority of their existence. GAAP profits as a condition of listing is just ridiculous. Almost all green energy companies lose money, so what you seem to be implying is that the public shouldn’t be allowed to invest in the Teslas of the world because they aren’t profitable? An IPO is a fundraising event. That’s all. If we are to say that no company should be able to fundraise if they have loses, then very, very few companies would ever have access to capital. An IPO isn’t an endorsement by the SEC, not should it be.