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Wouldn't be a HN S-1 without someone posting the first quote you did, a quote that is present in literally every tech company's S-1 filings.
by avree 6y ago
Wouldn't be a HN S-1 without someone posting the first quote you did, a quote that is present in literally every tech company's S-1 filings.
- rrss 6y ago"literally every tech company" is a significant overstatement. There are a lot of tech companies that were profitable at time of IPO and that did not include the first statement. Just because it has become standard operating procedure for tech companies to go public with a business model of "lose money on every sale, but make up for it in volume" (with a hope that they can sustain predatory pricing long enough to dominate the market) doesn't mean it's ever less interesting. It's a fairly recent phenomenon and IMO will never get old to comment about every time there's a notable IPO.