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by dmitriid
1201 days ago
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> No, there are no "zero expectations for a company to ever turn profitable". If you ever tried to get investor money you'll know how hard is to prove to them you have a good path to profitability. And yet, YCombinator's top companies lose billions for years and keep getting the money. What's the "proven path to profitability"? The flimsy belief that "just wait a bit and we'll have a next Facebook?" Most of the companies that get mentioned as "big innovative companies" in HN threads have been around for 5+ or even 10+ years, lost incalculable amounts of money, never turned a profit, and we're led to believe that there's an expectation to turn a profit in any of these scenarios. |
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