Terrific explanation of the venture funding path. I've often been curious about the actual profitability of companies that boast unicorn status. I think you've just answered my question.
Hah... yes... the ones in "growth phase" are rarely profitable. Not that they couldn't be profitable if they needed to be, but it would require a significant cutting of costs to do so.
Terrific explanation of the venture funding path. I've often been curious about the actual profitability of companies that boast unicorn status. I think you've just answered my question.
Hah... yes... the ones in "growth phase" are rarely profitable. Not that they couldn't be profitable if they needed to be, but it would require a significant cutting of costs to do so.