Who wins the debate over growth versus profitability
By Chris Berry
"Getting to profitability is the only way to build a sustainable business…” UBER CEO Travis Kalanick in response to Uber’s merger with Didi Chuxing
As convergence across industries continues apace and business models evolve, Travis Kalanick’s statement above is a reminder to investors in early stage companies. As startups across various industries attain unicorn status – a valuation of at least USD $1 billion – the argument around growth at all costs versus profitability has become louder.
There are over 170 unicorns in . . .
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