Runnning a Business for Humans
May 22, 2019•1,214 words
There is a tendency in the MBA-led, VC-fuelled startup community to take a ruthless, grow-at-all-costs attitude that focuses more on the acquisition of funds and vanity growth metrics to validate a valuation than to build a sustainable business.
The most extreme examples of this have been evident in the IPOs of two unicorns: Uber and Lyft, two businesses that have skyrocketed growth but burn cash and haven’t made any significant profit since inception. While everyone hopes that Uber will do an...
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