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A comment on Substack is laying off 14% of its staff. Parent comment

Re:Substack is laying off 14% of its staff by mupuff1234 on Wednesday June 29, 2022 @05:00PM (#31925649)
The point of profit is profit.

The whole premise of the VC/PE business is profits, just with different risk strategies.

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Re:Substack is laying off 14% of its staff by rchaud on Wednesday June 29, 2022 @05:11PM (#31925767)
Profit for who? All VCs want is for the company to IPO, because that's when they can get their money back with a nice profit. The company itself doesn't have to be anywhere near profitability to IPO. Look at Uber, Airbnb, Dropbox, etc.
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Re:Substack is laying off 14% of its staff by scarface74 on Wednesday June 29, 2022 @05:30PM (#31925965)
VCs don’t care about profit. They only care about selling to the “greater fool” at unrealistic valuations.
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