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I get that backblaze is a cool business, but why would anyone invest in these companies that just lose massive amounts of money?
by silexia 5y ago
I get that backblaze is a cool business, but why would anyone invest in these companies that just lose massive amounts of money?
- daddylongstroke 5y agoMostly because they believe other investors will invest in these companies and hence their investment will pay off. Seems like 90%+ of tech companies religiously lose money, or maybe its just the 12 that I've worked for in my career? I remember a time when losing a billion/year would result in massive layoffs. Most don't even blink at a mention of a billion lost in a year as far as I can see.