8 ms·
I see your point, but am not using it as an example why start-ups don't need to be profitable. Just using it as an example to why being unprofitable doesn't pre
by ak_111 5y ago
I see your point, but am not using it as an example why start-ups don't need to be profitable. Just using it as an example to why being unprofitable doesn't prevent you from having a high valuation on the stock market.
If you don't like this example, then almost all the recent crazy ipos were unprofitable companies. Actually a profitable tech ipo is highly exceptional these days.
- raesene9 5y agoyep that's kind of my point :) There's a huge number of IPOs/public companies with very high valuations and low profitability. The YC companies are just an example of that, which is relevant to the story at hand.