Startups look at brands like Uber, Wayfair, and Doordash as the pinnacle of businesses - the brands that they should look up to and strive to emulate. However -- these companies are BROKE! And what's even more interesting is that their investors want them to spend up their money as fast as possible.
In this video, Mike Sims of ThinkLions explains why the most successful tech startups operate at an annual LOSS, answers why this is by design, and explains whether you should take the same route with your startup. In this video you will learn:
- Why billion-dollar companies lose hundreds of millions of dollars each year.
- Why investors "gamble" millions of dollars investing in these startups.
- How companies continue growing around the globe while operating at a major loss.
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5 окт 2024