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by H8crilA
2288 days ago
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When I wrote "big guys" I meant Apple, Microsoft, Facebook, Google, Amazon. And I meant even those aren't safe due to the reasons mentioned in the GP, despite large cash buffers and generally excellent credit. Many (most?) companies will survive, the question is in what form. |
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It's the unsustainable VC funded, near-zero revenue, rapid growth and high costs burn rate so called 'tech' startups which some have IPO'd or some are still raising capital with no plan for a profit that will not survive.