Problem with a lot of those companies is how long they can remain privately funded and stay in business. The modern capitalistic markets inherently select for short term thinking. Think about this. Does it make any sense to destroy 90% of your profitability in 5 years to get a 20% boost in profits next quarter? In modern capitalistic markets it does, because that’s 20% more profit with which to capture more market share. That’s where the competition is.
Yes, by staying privately funded and not throwing everything away chasing quarterly profits
Problem with a lot of those companies is how long they can remain privately funded and stay in business. The modern capitalistic markets inherently select for short term thinking. Think about this. Does it make any sense to destroy 90% of your profitability in 5 years to get a 20% boost in profits next quarter? In modern capitalistic markets it does, because that’s 20% more profit with which to capture more market share. That’s where the competition is.