Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake
by segmondy on Sunday December 09, 2018 @10:53AM
(#18641390)
Amazon MADE A CHOICE to operate at a loss. They did so because they invested everything back into the business to grow. Their loss was not because they didn't have sales or because they were giving their products away for free at a discount, but because of investment towards future growth. As can be seen, they went from a bookstore, to an ecommerce platform, to having shipping logistics, streaming service, cloud provider, etc.
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Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake
by decentralised on Sunday December 09, 2018 @10:56AM
(#18641407)
I'm not sure why you believe we are disagreeing.
They chose to operate at a loss because they couldn't generate enough business to do anything different. Their shareholders wouldn't have allowed for it otherwise.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake
by shkkmo on Sunday December 09, 2018 @11:47AM
(#18641757)
No, they chose to operate at a loss because they wanted to continue investing their positive margins from the large amounts of business they were doing back into building infrastructure so they could do even more business.
Now name a single crypto currency start-up that is making able to even cover their own operating expenses, let alone invest their cash flow into growth.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake
by decentralised on Monday December 10, 2018 @02:54AM
(#18646043)
Most crypto startups create open-source software and don't sell anything neither do they follow a for-profit business model so you are looking for the wrong thing in the wrong place.
Re:Crypto Market Crash Leaving Bankrupt Startups in Its Wake
by nradov on Monday December 10, 2018 @04:15PM
(#18651216)
Non-profit organizations are not "startups" by definition. A startup is a for-profit business oriented toward rapid growth. There's nothing wrong with founding a non-profit, it's just not a startup.