What is the talk about?
— The talk is about the importance of growth over profitability in startups.
How is a startup different from a small business?
— A startup is a consistently growing and revenue-generating company that reinvests profits into innovation and user satisfaction, unlike a stable business that simply maintains its current state.
How can profitability be demonstrated?
— Profitability can be demonstrated by showing a track record of growth and a compelling story of how the business will be profitable at scale.
What should be considered at the seed stage?
— At the seed stage, it is important to invest time in refining your story and doing calculations and simulations to ensure realistic margins.
What is crucial for IPO success?
— For IPO success, growth is crucial to demonstrate product market fit, and profitability cannot be substituted.
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