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A comment on Few profitable, public, venture-backed US startups in past 15 years.

Re:Few profitable, public, venture-backed US startups in pas... by fullshark on Friday April 14, 2023 @11:50PM (#35577467)
Embarrassing really and the public markets have no growth alternatives so they will keep betting on these things.
[ Parent | on HN ]
Re:Few profitable, public, venture-backed US startups in pas... by 1vuio0pswjnm7 on Saturday April 15, 2023 @12:02AM (#35577503)
It's that lack of alternatives that is a prerequisite for profitless, so-called "tech" companies to persist. Amongst other troublesome economic conditions that are prerequisites for so-called "tech" companies to proliferate, such as "zero" interest rates.

If real businesses with real profits run by real businesspeople selling real products and services other than online advertising services, were to succeed and grow, then Silicon Valley VC might have to crawl back into their holes. And "tech" company employees will be forced to take real jobs.

It's already happening.

[ Parent | on HN ]