3 ms·
Profit has always mattered. The only change in attitude was because of historically low rates, it was easier to get more funding. Cheap rates = cheap money, inv
by infecto 3y ago
Profit has always mattered. The only change in attitude was because of historically low rates, it was easier to get more funding. Cheap rates = cheap money, investors are more willing to part ways.
- jt2190 3y agoYes, cheap money literally means “profitable next year” becomes “profitable _someday_”. To people who have only been in the tech industry for the last decade this feels like “profits don’t matter” because it’s never been “someday” in their entire careers, but now with interest rates back up “someday” is coming very fast at many companies (and has maybe already arrived at some).