" I consider companies to be achieving when they turn a profit. So do investors."
During bubble times (now), there's the alternative of be small enough to sell something new to a big corp. More or less a very complicated high risk for all involved outsourcing of big company R+D. So... what happens when you're medium sized aka too expensive to sell, and also old news rather than being something new?
If you're a million dollar company with the brand new idea of selling dog food over the internet, a perfectly valid exit strategy is during a bubble, sell for ten million to Amazon because thats they cheapest fastest way for them to get into the lucrative dog food delivery market. If you're a $120M company with the tired (internet) generations old idea of selling dog food on the internet, pivot (if you can) or shut down.
During bubble times (now), there's the alternative of be small enough to sell something new to a big corp. More or less a very complicated high risk for all involved outsourcing of big company R+D. So... what happens when you're medium sized aka too expensive to sell, and also old news rather than being something new?
If you're a million dollar company with the brand new idea of selling dog food over the internet, a perfectly valid exit strategy is during a bubble, sell for ten million to Amazon because thats they cheapest fastest way for them to get into the lucrative dog food delivery market. If you're a $120M company with the tired (internet) generations old idea of selling dog food on the internet, pivot (if you can) or shut down.