I'm not "suggesting" it.
It's objectively the case that the vast bulk of VC-backed tech companies in the last twenty-five years are speculative nonsense that is vanishingly unlikely to become profitable.
That's just... fact.
It's objectively the case that the vast bulk of VC-backed tech companies in the last twenty-five years are speculative nonsense that is vanishingly unlikely to become profitable.
That's just... fact.
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One could also uncharitably say that many, if not the majority, of VC folks are looking to invest for a buck and sell for ten when the company is actually worth $0.25
There's a reason why the IPO is the watershed moment in a VC investment cycle. Not the long term viability of the idea
Oh wait there aren't any.
Amazon's P/E is 30. Ford is 5.something.
Citibank is 9
These companies quite literally do not produce the profit that justifies their stock price.
Maybe lowering capital gains was a dumb idea.
Compare Tesla to Ford if you really want to drive your point home
It used to be that "growth" meant quickly increasing revenues while being profitable.
Turns out that 25 years of talking up tech changed how the market views their growth.
It doesn't mean there is a there there, though.