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A comment on Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B. Parent comment

Re:Uber sells self-driving unit in deal that will push Auror... by ProAm on Monday December 07, 2020 @05:53PM (#25338840)
Does profitability equate to paying back all the VC money burned getting to this point? They were losing billions every quarter for a long time. I haven't looked at their quarterlies in a while though but Id be surprised if they were remotely right-side up.
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Re:Uber sells self-driving unit in deal that will push Auror... by ksenzee on Monday December 07, 2020 @09:03PM (#25340734)
No, because the VC money is equity rather than debt. Profitability doesn't include "make sure the owners get some cash." It just means you made more money than you spent this quarter.
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Re:Uber sells self-driving unit in deal that will push Auror... by pault on Monday December 07, 2020 @09:13PM (#25340805)
Investment rounds aren't loans, they're... Investments. You're selling them a stake in the company, not borrowing money. I'm sure there are exceptions but that's generally how it works.
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Re:Uber sells self-driving unit in deal that will push Auror... by quickthrowman on Monday December 07, 2020 @06:24PM (#25339179)
No, it means a profitable quarter.
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