[dahfizz]

There is no incentive for startups to actually profit. The whole goal is to throw enough money at the problem until you can IPO and dump your shares.

I honestly think companies should have to be profitable / trending towards profitablity to IPO. Otherwise you get situations where investors pay people to use the service, and then go public saying "look how many users we have". No proven business model and not a single cent of profit.