> Seems like market valuations aren't that closely tied to profitability at the moment... This trope needs to die. Not all "profitability" is the same. A few

> Seems like market valuations aren't that closely tied to profitability at the moment... This trope needs to die. Not all "profitability" is the same. A few things to note: - "You will see many people talk about Amazon’s focus on “growth” vs. margins, but the right focus is instead absolute dollar fee cash flow."[0] - SaaS revenue is different.[1] - NetSuite's most profitable year was in 2009 (yes that 2009 when the great recession happened) because they simply turned off the S&M engine. [2] [0] - https://25iq.com/2014/04/26/a-dozen-things-i-have-learned-from-jeff-bezos/ https://25iq.com/2014/04/26/a-dozen-things-i-have-learned-fr... [1] - https://a16z.com/2014/05/13/understanding-saas-valuation-primer/ https://a16z.com/2014/05/13/understanding-saas-valuation-pri... [2] - https://soundcloud.com/a16z/a16z-podcast-why-saas-revenue-is-worth-more-than-traditional-software-sales https://soundcloud.com/a16z/a16z-podcast-why-saas-revenue-is...