The purpose of being an entrepreneur is creating a profit generating asset.
How efficiently that profit is created is up to the individual entrepreneurs.
With 10x multiples being paid for startups like this, it couldn’t be further from being an employee. Those who are not profitable are more in a position of owning a job they can’t quit because they’re so invested in it they can’t breathe or grow because the financial equation wasn’t a high enough priority.
How efficiently that profit is created is up to the individual entrepreneurs.
With 10x multiples being paid for startups like this, it couldn’t be further from being an employee. Those who are not profitable are more in a position of owning a job they can’t quit because they’re so invested in it they can’t breathe or grow because the financial equation wasn’t a high enough priority.