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Startups are not designed to be profitable on their own anymore. The dream is not to be the next Google or Facebook. It’s to get acquired by Google or Facebook.
by intopieces 7y ago
Startups are not designed to be profitable on their own anymore. The dream is not to be the next Google or Facebook. It’s to get acquired by Google or Facebook.
- skinnymuch 7y agoRecent tech IPOs have been amongst others: Pinterest, Crowdstrike, Zoom, Fiverr, Upwork (as comparison to Fiverr), Uber, Lyft, Medallia, PagerDuty, Tufin, Life360, Cloudflare. A lot of these companies could be bought by a huge tech company, but they can’t all be aiming for that, can they? Upwork and Fiverr likely never will. Zoom is [a bit] profitable. For other hyped startups like Airbnb and Palantir, they aren’t angling to get bought out by an FB or Google either.