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Yep. One thing which I have learnt from watching Shark Tank is that many companies would come with crazy valuations because they make millions in revenue. Only
by busymom0 7y ago
Yep. One thing which I have learnt from watching Shark Tank is that many companies would come with crazy valuations because they make millions in revenue. Only once questioned by the sharks would they disclose the much bigger operating costs and were severely bleeding money instead of profits.
- superfrank 7y agoTo put it succinctly, "Revenue is vanity, profit is sanity".
- shripadk 7y agoYep! Not to take away from what you said (which is absolutely true) the author does mention hitting profitability (assuming it is in 2018).