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I saw what looks like his AngelList profile: https://angel.co/jodysherman https://angel.co/jodysherman Accredited investor, previous exits, etc - I am, too, s
by photorized 13y ago
I saw what looks like his AngelList profile:
https://angel.co/jodysherman https://angel.co/jodysherman
Accredited investor, previous exits, etc - I am, too, skeptical of that margin statement.
But then again - I didn't know the guy. I've met plenty of savvy business people who don't understand depreciation/amortization, for example.
- phyalow 13y agoI think you need to reevaluate your last sentence. Somebody who doesn't understand basic asset accounting is clearly not "Business Savvy"...
- unclebucknasty 13y agoArguable. In any event I think most people would agree that margin/profit is a much more fundamental business principle than is asset accounting.