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I love privacy, but the majority of people in the world seem not to understand it's importance. No, there are no "zero expectations for a company to ever turn
by Idiot_in_Vain 4y ago
I love privacy, but the majority of people in the world seem not to understand it's importance.
No, there are no "zero expectations for a company to ever turn profitable". If you ever tried to get investor money you'll know how hard is to prove to them you have a good path to profitability. Even if all of YCombinat companies except one lose hundreds of millions, the last one can turn into a Facebook, worth hundreds of billions.
- dmitriid 4y ago> No, there are no "zero expectations for a company to ever turn profitable". If you ever tried to get investor money you'll know how hard is to prove to them you have a good path to profitability. And yet, YCombinator's top companies lose billions for years and keep getting the money. What's the "proven path to profitability"? The flimsy belief that "just wait a bit and we'll have a next Facebook?" Most of the companies that get mentioned as "big innovative companies" in HN threads have been around for 5+ or even 10+ years, lost incalculable amounts of money, never turned a profit, and we're led to believe that there's an expectation to turn a profit in any of these scenarios.
- Idiot_in_Vain 4y agodmitriid, you seem to not understand the simple fact that if one of a hundred startups an investor financed turns into a big success he can make big profits overall, despite 99% of the companies lost him money.
- dmitriid 4y agoThat literally means "no expectation of profitability". Also: https://news.ycombinator.com/item?id=35012114 https://news.ycombinator.com/item?id=35012114
- bryanrasmussen 4y agosure, no expectation of profitability on a single investment, expectation of profitability by distributing investments over a large amount of companies.