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Wow. Where did you get this list? I've known for a while that there sure seemed to be a lot of firms that never make money yet somehow never seem to fold. I th
by thu2111 6y ago
Wow.
Where did you get this list? I've known for a while that there sure seemed to be a lot of firms that never make money yet somehow never seem to fold. I think of them as zombie companies. They don't eat but somehow they don't die either. They just keep on shambling forwards, like the corporate undead. But seeing the list spelled out like that really rams it home, especially as it can't be complete.
- sjg007 6y agoeh? They are generating revenue. They just spend it on customer acquisition or r&d.
- thu2111 6y ago"Make money" means making profits, not revenues. That's standard English. Nobody gets points for selling $1 for $0.50, nor do they get money for engaging in "custom acquisition" after a decade. Customers can leave again. You have to make a profit at some point.
- sjg007 6y agoIn the limit yes but I think this idea of making profit is a fundamental attribution error. But it is a fine line. It is better to be profitable than not but if you can raise capital it allows you to trade money for time.