#DanLyons

2023-10-29

"[VC-funded startups] are successful with a very simple plan, which is grow fast, lose money, go public... There are now a generation of companies that go public while losing money and continue losing money for years and years and years, and yet are, 'successful'. They are successful in the public markets. They successfully can grow revenues. But it’s like you and I started a business where we bought dollar bills and sold them for 75 cents."

#DanLyons, 2016

knowledge.wharton.upenn.edu/po

#StartUps

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