> Amazon might be a good analogy here. I'm old enough to remember when Amazon absorbed billions of VC money, making losses year over year.
Apparently old enough to forget the details. I highly recommend refreshing your memory on the topic so you don’t sound so foolish.
1. Amazon had a very minimal amount of VC funding (less than $100M, pretty sure less than $10M)
2. They IPO’d in 1997 and that still brought in less than $100M to them.
3. They intentionally kept the company at near profitability, instead deciding to invest it into growth for the first 4-5yrs as a public company. It’s not that they were literally burning money like Uber.
4. As further proof they could’ve been profitable sooner if they wanted, they intentionally showed a profit in ~2001 following the dotcom crash.
Edit: seems the only VC investment pre-IPO was KP’s $8M. Combine that with the seed round they raised from individual investors and that comes in under $10M like I remembered.
Apparently old enough to forget the details. I highly recommend refreshing your memory on the topic so you don’t sound so foolish.
1. Amazon had a very minimal amount of VC funding (less than $100M, pretty sure less than $10M)
2. They IPO’d in 1997 and that still brought in less than $100M to them.
3. They intentionally kept the company at near profitability, instead deciding to invest it into growth for the first 4-5yrs as a public company. It’s not that they were literally burning money like Uber.
4. As further proof they could’ve been profitable sooner if they wanted, they intentionally showed a profit in ~2001 following the dotcom crash.
Edit: seems the only VC investment pre-IPO was KP’s $8M. Combine that with the seed round they raised from individual investors and that comes in under $10M like I remembered.