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0 pointsspaceman_20203y ago0 comments

Uber has no cars

Airbnb has no hotels

If these companies don't generate profits, then what assets are shareholders holding onto? The app? The algorithm? The design?

Then that's just IP. And if the asset is just the IP, how is that different from any blockchain dApp, which is just code?

I don't think you're making the point you think you're making. An unprofitable SaaS startup has no assets besides its code either.

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mixedbit3y ago

From a set of companies that do not pay dividends, companies that do not generate profits are a small subset. Many companies in the SP500 index do not pay dividends, but one of the conditions of inclusion in the SP500 index is for a company to generate profits. Unprofitable companies may well be very similar to any blockchain app, although you have more signals to analyze their future profitability potential.

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