Many IPO bound founders justify their loss by comparing with Amazon. Amazon made a loss Because they invested all their profits into R&D Most startups are making a loss because they are selling products at a discount to show high GMV
Few months ago, mama earth CEO compared it's losses with Amazon saying, "Amazon too made losses". Now Firstcry is IPO bound with their losses being 6x in 2023 and also justifoed it. Amazon made a loss Because they invested all their profits into R&D Most startups are making a loss because they are selling products at a discount to show high GMV Both are not same... I am yet to see a single big success story in India startup ecosystem which justifies 'India has arrived' and so much VC's exuberance .
BiryaniEnthu
Stealth
9 months ago
Mamaearth Mama posted a Merry Christmas with a Ferrari
What kind of R&D is that
Bugtesting
Student
9 months ago
Founders?
See more comments
Amazons losses were negligible compared to their revenue unlike these morons
Also, allegedly Amazon showed losses to prevent taxation, even though they were profitable.
Qwerty2398
Stealth
9 months ago
Founders don't have a choice. Having raised funds or when trying to raise funds, a founder who says "we are fucked" won't be appreciated for honesty.
When you want to catch the big fish you got to feed a bigger bait.
