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Old 8th Apr 2024, 00:33
  #867 (permalink)  
MickG0105
 
Join Date: May 2016
Location: Sunshine Coast
Posts: 1,215
Received 233 Likes on 112 Posts
Ah yes, the old "long term" plan. The ever present problem with that approach is that you first have to navigate the short term to get there. Start ups are cash incinerators, some (like very capital intensive endeavours) moreso than others; if you haven't hit at least break even (or at the very least have a positive trajectory) by year two, you really need something like a government or sovereign fund backing you. This "if only they had scale" line is a manifest nonsense; cranking the handle faster on a model that is burning cash just makes it burn cash faster.
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