Sudden profits in all startups
Startups which were loosing hundreds of millions last year are now annocuing PAT and planning for IPOs. What has changed really or were they uselessly burning money
Redbuck
Profitable startups
1 year back all startups were losing money like crazy while all of a sudden everyone from Swiggy to Meesho to Unacademy are profitable or EBITDA positive. Other companies which were profitable earlier have not shown a spike in profit.
Were these companies uselessly burning money earlier if they can just suddenly become profitable in 6-8 months
14mo ago
TheOatmeal
Stealth14mo
*Adjusted EBITDA . General public doesn’t give shit to understand these terms.
AdjustedEBITDA
Fintech Startup14mo
^_^
LooseGoose
Stealth14mo
To be fair, it doesn't take that much to become profitable once you have systems in place. Just needs tweaking here and there which may lead to price changes here and there.
People usually avoid it because changing unit economics can have effects on market share and customer retention. If Uber suddenly becomes 100 rupees costlier than Ola because they want to be profitable, customers will opt for Ola more than Uber, which will make the price change actually harmful to their profitability in the longer run if they lose market share.
It's a complex situation to be in.
DingDong
Razorpay14mo
Bhai unacademy ka naam hata de iss list se. Fraudiya company hai. Can never be profitable.
EarthDragon
Stealth14mo
Plus this is default alive. Once and if (hopefully not) easy money starts flowing in, watch the unit economics regress to older days 🥲
Darkblack
Meesho14mo
Everyone has traded growth for profitability due to the market conditions. This could have long term impact on market share.
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Future of VC funded mobile and web based startups
VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete.
Common sense says company's valuation should be summation of yearly profits it can generate till the company exists...
So if relian...
How is work culture at swiggy ? And how is the learning opportunities for a software developer ?
I am currently working at a startup for 1.5 years now and wants to switch. If swiggy has an opening , is it a good place to work at ? Also how’s the pay there ? But good work culture is more important for me.
Big if true, given Meesho’s scale
I know this might be a one off, but even if they are close to profitable/break even quarters, this can become a strong business
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I dont trust a single words come out of the CXO’s mouth in case of startups. All bullshiting and hyping
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