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Those companies aren't that different than the dot-com era companies. "We're not $boring_business, we're $boring_business_but_internet" (or, today, it'd be bor
by vanniv 7y ago
Those companies aren't that different than the dot-com era companies.
"We're not $boring_business, we're $boring_business_but_internet" (or, today, it'd be boring but mobile)
- enra 7y agoI think the difference is still that many dot-com era companies didn't have much or any revenues, definitely not in billions.
- vanniv 7y agoYeah, it's true. This cycle, investors realized that OK, maybe we have to see revenues to believe it's a real business. But, if you look at things like WeWork, sure, there's revenue, but there's never even been the hope of eventual profit. The business model fundamentally destroys value.