alt Hacker Newswhy should only profits matter? if i had a killer product today that i just need to sell tomorrow, wouldn't you still invest today knowing i'll probably only start to make money tomorrow (or perhaps next week)?
the expectation is that they'll eventually make money. they can't raise forever. only startups are not profitable for a few years. but most companies that have existed for a long while have been profitable
and since they're expected to make a LOT of money, everyone wants a piece of that future pie, pushing up the valuation and amount raised to admittedly somewhat delusional levels like here
Replies
not if your product is selling two dollars for one dollar and as soon as you'll start to charge more I'll switch to one of your twenty competitors
profit isn't a function of having a killer product, it's a function of having no competition
> why should only profits matter?
In this case because it's not clear that anybody has actually figured out how to sell inference for more than it costs