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I expect most tech companies to have been profitable in 2021 and 2022, but be struggling today.
by dragontamer 2y ago
I expect most tech companies to have been profitable in 2021 and 2022, but be struggling today.
- relyks 2y agoIt might not be the case. The interest rates in the US were much lower then and companies were able to take on more debt more easily.
- tadfisher 2y agoHigh interest is good for fintechs.
- dragontamer 2y agoMy opinion is nothing to do with interest rates and everything to do with COVID lockdown and (by 2023 and 2024) people getting bored of computers and reducing their spending on computers.
- AYBABTME 2y agoOn the contrary, I expect most tech companies to not be profitable especially in ZIRP era, unless they're big and public for many years (or small boutiques). If one is looking to work only at profitable companies, the pool of employer shrinks significantly. You can almost kiss goodbye to the vast majority of VC funded companies. It's not as bad nowadays but in ZIRP times, it's not the norm for growing tech companies to be profitable.