brett fox
Jul 1, 2021

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Thanks for sharing your thoughts, Jangir. The reality is that many VCs do not care if your company is ever profitable. All they care about is making money for their limited partners and themselves. Let's take Uber as an example. Here's what management said in the "Risk Factors" section of Uber's IPO:

"We have incurred significant losses since inception, including in the United States and other major markets. We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability."

This is a company that was going public that may never achieve profitability. Indeed, Uber never has and likely never will.

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brett fox
brett fox

Written by brett fox

I work with startup CEOs to help them grow their businesses . I built several businesses from $0 to >$100M. Learn more at https://www.brettjfox.com

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