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Startups need to be profitable too.
by ajcarpy2005 12y ago
Startups need to be profitable too.
- dkarapetyan 12y agoI don't think that's true. Sustainability makes for a better ecosystem. If you're driving towards breaking even and delivering value instead of profitability then it's a different kind of mentality. It's just that it's not the current status quo.
- SnakeDoc 12y agoHow about the gross over-valuation of startup companies? $15 billion for an instant messaging application? $2 billion for a research company without a product? Both companies should have sold for, maybe a few hundred million, at most. This is unsustainable in and of itself (and possibly irresponsible). Not to mention awful for the startup market (causing a startup valuation bubble). Facebook obviously has to make money back from these purchases. Both purchases are technology companies, and therefore Facebook is likely in it short-term, meaning they hope to make their money back in < 5 years. How will they do it? Well, by doing what Facebook does best, selling your privacy.