It requires closer inspection in this particular case, but losses are not always bad if they’re calculated. For example, if you spend $100 to bring in a custome

It requires closer inspection in this particular case, but losses are not always bad if they’re calculated. For example, if you spend $100 to bring in a customer that yields $200 in a year, it makes sense to “buy” as many customers as you can. But is the company “default alive”, as I think Paul Graham calls it? That is, could they cut that spending tomorrow and actually have money coming in that more than covers the costs of keeping the lights on?