Judging by the financial results we’ve seen from most startups, I think we need more “profit hackers” than “growth hackers.”
@emmetgibney what would be an appropriate sample then? What timeline should we use? We have IPO (and pre-IPO) data from a bunch.
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@mijustin maybe you have access to startup data that I don't, would love to see it if you doThanks. Twitter will use this to make your timeline better. UndoUndo
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@mijustin to be clear I agree with the underlying point that companies should be capable of profitability, and should have +unit economicsThanks. Twitter will use this to make your timeline better. UndoUndo
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@mijustin however, when in environment where cost of growth outpaces cost of capital (debt or equity) it makes sense to defer profitability -
@emmetgibney what’s an acceptable timeline to defer growth? How do you know if you’re investing in a Ponzi scheme? - Show replies
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@mijustin just ask Jeff BezosThanks. Twitter will use this to make your timeline better. UndoUndo
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