Many of these companies can be profitable, they just need far lower costs. Too many devs, too many PMs, too many marketing people. Imo, this is as much a probl

Many of these companies can be profitable, they just need far lower costs. Too many devs, too many PMs, too many marketing people. Imo, this is as much a problem of products being built with no regard for costs. Most tech companies have distinct development and product roles...so if this is going wrong, why even have the product people? The core product for SNAP should be highly cash-generative, this is the case for most tech companies. But, instead, they are often losing massive amounts of money because there is no economic logic to what they are doing. Most of these companies are run by people who got rich somewhat accidentally, by showing massive disregard to economic logic and then having an even dafter VC manager shove money into their mouth. The question is not where do they go, but whether the current managers have the stomach to get there.