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Since when is « continuous access to capital without turning a profit for decades » acceptable in the US? Examples please. Thanks.
by whiplash451 3y ago
Since when is « continuous access to capital without turning a profit for decades » acceptable in the US? Examples please. Thanks.
- dylan604 3y agoAmazon? Uber?
- darth_avocado 3y agoSNAP, Uber, Lyft, Pinterest, Spotify, Tesla, Etsy, Zoom, Twilio, Dropbox and the list goes on. I don't have the source handy, but if I remember this right, around the time Uber was having it's IPO, there was this stat that out of the top 50 Unicorns, 3 were profitable. Rest all were operating in a net loss, most of them for around or more than a decade.
- whiplash451 3y agoThanks for the pointers