It took Amazon 7 years from when they went public to having their first quarter showing a profit. It took Google about 4 years. It took Facebook almost 15 years to show a profit and become EBITDA profitable.
Others, like Pets.com flopped. Granted, these were publicly traded companies but I maintain ones that aren't can face the same cash flow challenges. The well ran dry, investors balked, ad revenue shrunk or disappeared.
Cuttel I think had a plan (the specifics of which aren't really important to us here that weren't invested directly), but apparently the cash flow didn't occur as planned. If this is the case, and I suspect so, it's a risk many businesses take. As to why the cash flow didn't happen, that's a different story; time will tell and that's what we've been waiting to find out.
Others, like Pets.com flopped. Granted, these were publicly traded companies but I maintain ones that aren't can face the same cash flow challenges. The well ran dry, investors balked, ad revenue shrunk or disappeared.
Cuttel I think had a plan (the specifics of which aren't really important to us here that weren't invested directly), but apparently the cash flow didn't occur as planned. If this is the case, and I suspect so, it's a risk many businesses take. As to why the cash flow didn't happen, that's a different story; time will tell and that's what we've been waiting to find out.
Like Uncle Sam, LOLlot's of folks in today's world spend it before they get it.