> not so hard when you're also adding zeros to the funding
Plenty of counter-examples, including the entire dot-com era.
If revenue growth was all that mattered, you could just sell investor dollars for $0.50.
99¢-Theranos style is better. Takes a lot longer for investors to notice.
If you think that's the bar: it's been done, many times over. The unit-cost-profitability test was ignored by many VCs (they learned something and if they had deep enough pockets they got to play again).
> If revenue growth was all that mattered
Straw man. Nobody argued this. What was falsely stated at the start was turning investor dollars into revenue is easy.
I specifically went into unit economics elsewhere [1].
[1] https://news.ycombinator.com/item?id=50243393
Cisco is definitely not a counter example. They survived, but they could be a template for what will happen to OpenAI and/or Anthropic.
If revenue growth was all that mattered, you could just sell investor dollars for $0.50.
99¢-Theranos style is better. Takes a lot longer for investors to notice.
If you think that's the bar: it's been done, many times over. The unit-cost-profitability test was ignored by many VCs (they learned something and if they had deep enough pockets they got to play again).
> If revenue growth was all that mattered
Straw man. Nobody argued this. What was falsely stated at the start was turning investor dollars into revenue is easy.
I specifically went into unit economics elsewhere [1].
[1] https://news.ycombinator.com/item?id=50243393
Cisco is definitely not a counter example. They survived, but they could be a template for what will happen to OpenAI and/or Anthropic.