2 ms·
Why hire people in the first place if you aren't profitable? Seems pretty irresponsible to me. Or have the rules changed?
by bobloblaw22 2y ago
Why hire people in the first place if you aren't profitable? Seems pretty irresponsible to me. Or have the rules changed?
- jmclnx 2y agoYes the rules have changed, seems the idea is to get big fast increasing revenue without regard to profits, and eventually have a great IPO, then one of the following: 1. hope you can sucker someone into buying the company 2. keep the VC $ flowing and continue growing, then loop to # 1 3. worse case, need to start making a profit and hope you can survive until # 1. If #1 does not happen, pray(?). During this time, the founders are pulling in a great salary.
- throwaway2037 2y agoFollowing your logic from the other side: Why apply for (and later accept) a job at a company that is consistently unprofitable?