> Yes, it's different this time. Just ask Groupon. (The important part of what you quoted was not "you can no longer IPO without profits" but "the ability to I

> Yes, it's different this time. Just ask Groupon. (The important part of what you quoted was not "you can no longer IPO without profits" but "the ability to IPO without profits harmed kozmo, and we are not making the same mistake". It's not particularly important whether or not IPOing without profits is actually still possible.)