3 ms·
>There are plenty of valid strategies that defer profitability. You can't point to the exception, the case that just happen to work out, and consider it a vali
by aantix 14y ago
>There are plenty of valid strategies that defer profitability.
You can't point to the exception, the case that just happen to work out, and consider it a valid approach.
The time to make money is always now. Any other approach is just deferring the inevitable confrontation of whether the company/idea/execution is economically viable.
- pg 14y agoThat's not the exception. Few to zero of the biggest technology companies were profitable the first month.
- kerryfalk 14y agoIt is a valid approach. In fact I'd argue that companies being profitable in the first month (or first year) are the exceptions, not the rule. Another public example is Amazon, they didn't record a profit until 8 years after incorporation: http://news.cnet.com/2100-1017-819688.html http://news.cnet.com/2100-1017-819688.html