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It also seems worse than that based on other replies in this post. Twilio has only had one profitable quarter in its entire existence. Both the business model
by azemetre 4y ago
It also seems worse than that based on other replies in this post.
Twilio has only had one profitable quarter in its entire existence. Both the business model and strategy are clearly broken.
I do wonder (read: hope) if this means the next wave of tech companies will be more private/lifestyle focused. 37Signals had a great article about this:
https://37signals.com/why-we-choose-profit/ https://37signals.com/why-we-choose-profit/
Not every company needs to be a market leader, what's wrong with having a drastically smaller size (say <200 people, a number plucked from thin air) and decent revenue?
- throwaway98797 4y agothere’s nothing morally wrong with that that being said i don’t know any investor that wants to invest in companies that are middle of the road most employees want to work for winners we may not want that to be true but it tends to be if you’re not first you’re last
- azemetre 4y agoI mean shouldn't there something a little wrong about not running a profitable business for nearly a decade and that the only people who seems to be "winning" are those that took advantage of a relaxed monetary environment and cashed out during the IPO? Why does money trump this? I absolutely disagree that most workers want to work for "winners." Most workers want to have a stable job and a life of meaning outside the company. These companies are not stable at all.