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Translation: as has been the case since the dawn of capitalism, companies going forward will have to turn a real, liquid profit from selling an actual good or s
by MontyCarloHall 4y ago
Translation: as has been the case since the dawn of capitalism, companies going forward will have to turn a real, liquid profit from selling an actual good or service. Gone are the (highly anomalous) days of starting a purposefully unprofitable company whose only path towards “profitability” is a) getting acquired or b) endless rounds of VC funding.
- rchaud 4y ago>> starting a purposefully unprofitable company whose only path towards “profitability” is a) getting acquired or b) endless rounds of VC funding. and worst of all, c)pursuing a predatory pricing strategy to monopolize the market and crowd out competitors.
- MontyCarloHall 4y agoYup. I think that fits under b), since it’s only possible to run out the clock on competitors with a predatory pricing strategy with endless rounds of VC funding.