$1B in rev but $3 mm in losses without profitability in sight.
You can create a pretty "massive" company pretty quickly if you basically sell $10.00 for $9.97
Their size actually works against them. Lots of companies lose money in the early days, but are able to justify / demonstrate why and when they'll be profitable. If you already have $1 B in sales and are still operationally unprofitable ... how much more will it take?
You can create a pretty "massive" company pretty quickly if you basically sell $10.00 for $9.97
Their size actually works against them. Lots of companies lose money in the early days, but are able to justify / demonstrate why and when they'll be profitable. If you already have $1 B in sales and are still operationally unprofitable ... how much more will it take?