Comment by nabdab
6 years ago
That’s not how funding works. If you believe the product is worth exactly what you pay that’s not funding, that’s buying. Funding is the belief that at some point the ownership will be worth the wait given the investment.
That’s not how funding works, but it is how profit works.
So you cannot have companies like Amazon which had no profits for like a decade.
You certainly can, but even Amazon had much higher revenue/funding ratio than Magic Leap.
That sounds like buying with extra steps. I agree its a flawed comparison but still interesting