The post is not about them going out of business; in fact, numerous times I suggest that that is not likely to happen. The post concerns the $1B valuation's validity. It's possible to have a very nice, profitable company making a note taking application and also not be a unicorn.
Thanks for the clarification Josh! I just went back to re-read the article.
It is an interesting scenario of a company receiving a lot of funding, having a huge paper valuation, but in the end just being a mildly profitable company with little return on investment.
Comments
The post is not about them going out of business; in fact, numerous times I suggest that that is not likely to happen. The post concerns the $1B valuation's validity. It's possible to have a very nice, profitable company making a note taking application and also not be a unicorn.
Thanks for the clarification Josh! I just went back to re-read the article.
It is an interesting scenario of a company receiving a lot of funding, having a huge paper valuation, but in the end just being a mildly profitable company with little return on investment.