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AB: Prove you're profitable: the first thing to do is to prove that you can make a profit from selling to customers otherwise you won't get any funding to scale up.
You're profitable and a healthy business until you're not.
In China, people don't care whether or not you're profitable yet," Guo said.
Referring back to his issues with the board, If you're profitable, you can control your board.
"I don't think you're profitable and I do think you're raising more money," she retorted.
"If you're profitable today, in fact, you run the risk of scaring away investors because it shows you aren't reinvesting in your company like an Amazon.com," he says.
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Those times would, and we are guessing a bit here, allow Ping to record more GAAP ARR, and show a quarter or two of GAAP profits; yes, you can go public when you are profitable, in case you forgot.
How can you be profitable when freelancing?
"That sounds great," Ms. Weltman said, "but you can't benefit from it unless you are profitable".
"One of the good things is that when you are profitable, you can reinvest," Mr. Walton said.
"If you are profitable and need capital to grow and can easily cover the debt service, sure, go for it," he wrote.
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