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0 pointsmatwood4y ago0 comments

> How can you have a successful business that spends more money than you make?

Today or tomorrow?

If a company has to spend more than they make today in order to build something they can sell for profit tomorrow, that's investing in the future.

Just looking at revenue or profit is too simplistic. It's also too simplistic to only look at a single point in time.

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scarface744y ago

So when will that tomorrow ever come for companies like DoorDash, Uber, Lyft, or the darling former much hyped unicorns?

It’s not a single point in time, most of those same companies who IPOd before becoming profitable recently are still not profitable and being punished by the market more than the market in general.

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