> It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no le

> It’s maybe not entirely accurate, but it seems at least in the ballpark of a reasonable description for a public company that’s never made money and has no legible path to making money. Which is the whole point of YC. IPO over valued companies and dump it on the retailers while cashing out your chips. Never mind the structural dangers cheap capital pose when the cycle winds down.