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There was an implication in there on risk. If you don't believe a company doing $4 bill of revenue is significantly less risky than the average VC investment, y
by danielmarkbruce 2y ago
There was an implication in there on risk. If you don't believe a company doing $4 bill of revenue is significantly less risky than the average VC investment, you might be in dreamworld.
- s1artibartfast 2y agoMy understanding is that it is 4B of losses, not revenue.
- danielmarkbruce 2y agoBoth are approximately true. But, anything software has some accounting for things (like training a model) that really should be categorized as capex instead of opex and it distorts the numbers.
- s1artibartfast 2y agoMy understanding was that total revenue was an order of magnitude lower, in the multi-millions.
- danielmarkbruce 2y agoNo, it's reported to be at a run rate of $4 bill pa.