2 ms·
Similar. It's wild to realize when I was CEO of our startup, we had significantly less name recognition, dramatically less capital raised (by orders of magnitud
by mrcwinn 4y ago
Similar. It's wild to realize when I was CEO of our startup, we had significantly less name recognition, dramatically less capital raised (by orders of magnitude), a much smaller team.
...and yet apparently significantly more revenue per employee than Bolt. Oh, and we were profitable, infinite runway, good growth, solid unit economics, LTVs we understood.
Imagine!
- whatever_dude 4y agoEverybody starts making zero (or negative) dollars. I have no positive view of Bolt myself, but in a situation like this VCs are putting money on future prospects/growth potential, not the early revenue. (Doesn't work if the company goes bust though)
- DeathArrow 4y agoMany CEOs and even investors care less about profits as long as the valuation is sky high. I think Yahoo was never profitable.