What’s the best way to think about profitability?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Profitable: To Be Or Not To Be? – AVC

This is tricky stuff. If you are going to take all of your potential profits and reinvest them in the businesss in search of higher growth and greater profits in the future, you had better be right about those investments. And it is often hard for investors to see how those investments are going to pay off, so at times you can be penalized for making those choices. Right now the public markets seem to be paying companies more for long term growth… (read more)