Everybody in our industry loves fat margins. But god forbid if someone else captures the margins and squeeze them out of easy profits.
Everybody in our industry loves fat margins. But god forbid if someone else captures the margins and squeeze them out of easy profits.
A fat margin is fine. What’s not fine is saying you don’t have any and you don’t plan to make any more.
There's "fat margins" and then there's the kind of margins that tech industry shareholders expect.
OpenAI's original corporate agreements capped its returns at 100x, which is seen as too paltry for its current holders, so they scrapped those to prepare for an IPO [0]
That is, in a word, insane.
[0] https://abhs.in/blog/openai-for-profit-conversion-ipo-develo...
>But god forbid if someone else captures the margins and squeeze them out of easy profits.
Yeah that's how law works. Everyone likes money, but that doesn't mean it's fine to steal money. Yes, even from maligned entities like "big tech" or "private equity"