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by zild3d
2593 days ago
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This comes up all the time and it's silly. If dropbox only had a high valuation on paper, but employees/founders/investors couldn't actually exchange that into real $ in their bank account then sure, you can say the jury is still out. But that's not the case. They built a product, have tons of paying users, and have IPO'd with a market cap over $10B. It's not money that only exists on paper. Founders and employees can sell their shares for real money and buy real things. Their shareholders aren't just a handful of VC's anymore - they are public. The jury has decided, it's successful |
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Hypothetically, what if it never begins earning more money than it spends each year? At some point wouldn't it be unable to borrow any more (from banks or investors) and be forced to shut down? And if so, we still don't know if it can be profitable, right?