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The We Company S-1

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Re: The We Company S-1

#2
My favorite part of new tech company filings is looking at the risk section and finding something to the effect of: "We are not profitable, and may never be."

> We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level (as determined in accordance with GAAP) for the foreseeable future.

I understand the reasoning behind having these in the document, but I always get a kick out of seeing it said so plainly.

Re: The We Company S-1

#3
post #2

My favorite part of new tech company filings is looking at the risk section and finding something to the effect of: "We are not profitable, and may never be." > We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level (as determined in accordance with GAAP) for the foreseeable future. I understand the reasoning behind havin…

I wonder how that compares to what they tell new hires who are likely taking a haircut for equity in the company

Re: The We Company S-1

#4
post #2

My favorite part of new tech company filings is looking at the risk section and finding something to the effect of: "We are not profitable, and may never be." > We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level (as determined in accordance with GAAP) for the foreseeable future. I understand the reasoning behind havin…

I wonder how that compares to what they tell new hires who are likely taking a haircut for equity in the company

"We have free lunch, a ping-pong table and a VR room with monthly fitness days"

Re: The We Company S-1

#9
post #2

My favorite part of new tech company filings is looking at the risk section and finding something to the effect of: "We are not profitable, and may never be." > We have a history of losses and, especially if we continue to grow at an accelerated rate, we may be unable to achieve profitability at a company level (as determined in accordance with GAAP) for the foreseeable future. I understand the reasoning behind havin…

I wonder how that compares to what they tell new hires who are likely taking a haircut for equity in the company

Profitability and the value of the equity aren't necessarily related, though. Amazon was unprofitable for many years, but its stock still increased in value.
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