Silicon Valley Is Trying Out a New Mantra: Make a Profit - The New York Times


14 bookmarks. First posted by kohlmannj 15 days ago.


Start-up investors are warning of a reckoning after the stumbles of some high-profile “unicorns.” Now turning a profit is in. SAN FRANCISCO — Fred Wilson, a venture capitalist at Union Square Ventures, recently published a blog post titled “The Great Public Market Reckoning. via Pocket
Pocket 
8 days ago by tonyhue
"Our new Valley mantra: let's not grow any more, and watch those Chinese unicorns skyrocket right past us, instead"
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13 days ago by jubois
Group under "Technology Backlash"
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For the last 10 years, the pendulum swung towards the mantra of growth above all: employees, investors, and profits. (By the end of 2018, start-ups in the United States had raised a record $131 billion in venture funding, surpassing the amount collected during the late 1990s dot-com boom, according to Pitchbook and the National Venture Capital Association.) With the lack luster performance of post-IPO technology companies (Peleton, Eventbrite, Uber) and recent failed IPOs (We Company, Endeavor) the pendulum has comically swung the other way. We'll look at some of the analyses below.
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Start-up investors are warning of a reckoning after the stumbles of some high-profile “unicorns.” Now turning a profit is in.
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The irony of venture capitalists (who are financially incentivized to push founders towards growth at the cost of profit) are now sounding the alarm and prioritizing positive unit economics strikes like rain on your wedding day.
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One of the best examples of this was written by Sahil Lavingia, the creator of Gumroad.
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Gumroad turned $10 million of investor capital into $178 million (and counting) for creators. And in the eyes of venture capitalists,
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"But we were venture-funded, which was like playing a game of double-or-nothing. It’s euphoric when things are going your way — and suffocating when they’re not. And we weren’t doubling fast enough to raise the $15M+ Series B (the second major round of funding) we were looking for to grow the team.
For the type of business we were trying to build, every month of less than 20 percent growth should have been a red flag."
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https://marker.medium.com/reflecting-on-my-failure-to-build-a-billion-dollar-company-b0c31d7db0e7
silicon-valley  technology 
13 days ago by christopherming
Silicon Valley Is Trying Out a New Mantra: Make a Profit via Instapaper https://www.nytimes.com/2019/10/08/technology/silicon-valley-startup-profit.html
14 days ago by ravivyas
Start-up investors are warning of a reckoning after the stumbles of some high-profile “unicorns.” Now turning a profit is in. Credit Doug Chayka SAN FRANCISCO —…
from instapaper
14 days ago by jrheard
“a healthy reset”
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15 days ago by becked
Make a profit? WHAT A CONCEPT
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15 days ago by mattgriffin
via tweet: https://twitter.com/roseveleth/status/1181623520788246528 : lol I love this story because it's basically like "Silicon Valley has discovered... the idea... of trying to make a profit" https://t.co/O4PzLptNRv
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15 days ago by dr3wster
Start-up investors are warning of a reckoning after the stumbles of some high-profile “unicorns.” Now turning a profit is in. Credit Doug Chayka SAN FRANCISCO —…
from instapaper
15 days ago by AramZS
Start-up investors are warning of a reckoning after the stumbles of some high-profile “unicorns.” Now turning a profit is in. SAN FRANCISCO — Fred Wilson, a venture capitalist at Union Square Ventures, recently published a blog post titled “The Great Public Market Reckoning.
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15 days ago by odelano
I love this art very much. that's it, that's the tweet
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15 days ago by kohlmannj