2 ms·
Yes 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 fol
by jmclnx 2y ago
Yes 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.