They're doing business at a loss— they're doing negative business. So, okay, maybe they're going to become profitable (in real life) at some time soon in the f

They're doing business at a loss— they're doing negative business. So, okay, maybe they're going to become profitable (in real life) at some time soon in the future and we'll all feel a bit silly. But if that's the case, then why would they be using investment capital to pay off early-stage investors now— when they're just on the brink of profitability, starting an IPO, their value sure to skyrocket? What employee decides to cash out under these circumstances?