No deep insights here, just the simple fact that the once growth hyper focused startups grew to be publicly traded companies without ever sorting their unit economics, and now their mediocracy has real consequences on real people.
This includes household names such as Uber, Lyft, Casper, and Eventbrite which we’ve all used, and begs the question: why did we allow so many unprofitable companies IPO? When did losing money become acceptable and the new normal for publicly traded companies?
It also makes me wonder why we made such a big deal about WeWork’s IPO fiasco yet we don’t talk about the deplorable shape of some of the mature tech companies and their consequences on our community.
Here’s to a new generation of entrepreneurs who prioritize building sustainable businesses.
