11–20 of 23 posts
At what point do you stop being a start up? They have a revenue of ~$6.5B and 12,000 employees.
Obviously there are exceptions in both directions, and other factors to consider, but this seems to be a pretty good starting point for discussion to me.
I'm probably being dense but I don't understand the claim that "Uber is imploding". From the article: "the company doubled its gross bookings to $20 billion in 2016, and its net revenue (excluding China) was $6.8 billion" The company had $2.8 billion in losses in 2016 and it puts the company's long term prospects for financial viability into question which might mean a down round on the next funding but the company i…
At what point do you stop being a start up? They have a revenue of ~$6.5B and 12,000 employees.
I'm probably being dense but I don't understand the claim that "Uber is imploding". From the article: "the company doubled its gross bookings to $20 billion in 2016, and its net revenue (excluding China) was $6.8 billion" The company had $2.8 billion in losses in 2016 and it puts the company's long term prospects for financial viability into question which might mean a down round on the next funding but the company i…
"We lose money on every transaction, but we make it up in volume!"
I'm probably being dense but I don't understand the claim that "Uber is imploding". From the article: "the company doubled its gross bookings to $20 billion in 2016, and its net revenue (excluding China) was $6.8 billion" The company had $2.8 billion in losses in 2016 and it puts the company's long term prospects for financial viability into question which might mean a down round on the next funding but the company i…
Not to say Uber is or isn't imploding. No clue either way
I'm probably being dense but I don't understand the claim that "Uber is imploding". From the article: "the company doubled its gross bookings to $20 billion in 2016, and its net revenue (excluding China) was $6.8 billion" The company had $2.8 billion in losses in 2016 and it puts the company's long term prospects for financial viability into question which might mean a down round on the next funding but the company i…
Earlier quoted context omitted.
"We lose money on every transaction, but we make it up in volume!"
Dunno, this is only the eighth quarter that Amazon has turned a profit. Uber is a young company
At what point do you stop being a start up? They have a revenue of ~$6.5B and 12,000 employees.
The company I'm currently at has close to 1,200 employees, been around for close to 10 years, its own free cafeteria, profitable enough to fund several high-risk initiatives, but easily calls itself a start up..
My personal opinion: you're no longer a start up if you're able to afford your own "free food cafeteria". ;-)
At what point do you stop being a start up? They have a revenue of ~$6.5B and 12,000 employees.
Unfortunately, declaring your company a start up is sexy. My last company was about 130 employees, made some profit but mostly enough to keep the business afloat, been around for a little over 10 years, and was reluctant to call itself a start up. The company I'm currently at has close to 1,200 employees, been around for close to 10 years, its own free cafeteria, profitable enough to fund several high-risk initiative…
At what point do you stop being a start up? They have a revenue of ~$6.5B and 12,000 employees.
I think the criterion I like best is that if you're actively sacrificing profitability for growth, you're a startup. Obviously there are exceptions in both directions, and other factors to consider, but this seems to be a pretty good starting point for discussion to me.