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I still don’t understand why VCs (or anyone else for that matter) consider unprofitable unicorns “success”.
by 5cott0 7y ago
I still don’t understand why VCs (or anyone else for that matter) consider unprofitable unicorns “success”.
- jariel 7y agoBecause either their unit metrics are positive, or they're grabbing market share and can bring down other costs later, or more cynically, they can dump shares on other investors while the hype is still going.
- 5cott0 7y agoNone of those things are success.
- unlinked_dll 7y agosuccess for the VC is getting their money back plus some more at a liquidity event. It's not the same as success for the company.