{"id":15144,"date":"2019-09-21T07:57:29","date_gmt":"2019-09-21T07:57:29","guid":{"rendered":"https:\/\/www.icebreakerexecutive.com\/?p=15144"},"modified":"2019-09-21T07:57:29","modified_gmt":"2019-09-21T07:57:29","slug":"the-cool-norm-mantra-that-its-ok-for-startups-to-lose-money","status":"publish","type":"post","link":"https:\/\/winningthinking.co.uk\/?p=15144","title":{"rendered":"the cool norm\/mantra that &#8220;it&#8217;s OK for startups to lose money"},"content":{"rendered":"<p><span id=\"ember5222\" class=\"ember-view\">It&#8217;s worth challenging the cool norm\/mantra that &#8220;it&#8217;s OK for startups to lose money&#8230;&#8221; If a business&#8217;s financial model is broken scaling it does not fix the P&amp;L &#8220;WeWork will never ever, in its short history, generate a profit, let alone the tens of billions in revenues necessary to generate anywhere near the $3 billion in earnings required to (even then generously) value the company at \u00a347 billion.&#8221; It&#8217;s not unusual for sensible investors and management teams such as Softbank to get duped by these mantras, but it does require a different skill set to resolve this. This is our comfort zone <\/span><a id=\"ember5226\" class=\"feed-shared-text-view__hyperlink ember-view\" href=\"https:\/\/www.winningthinking.uk\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.winningthinking.uk<\/a><span id=\"ember5230\" class=\"ember-view\"> highlights these flaws and gives the team the tools to avoid these scenarios ever taking root essential at due diligence, post-investment and during portfolio management to exit. I dont think Softbank can afford to lose their $20bn?\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>https:\/\/medium.com\/@henry.hawksberry\/is-we-work-a-fraud-5b78987d3e61<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s worth challenging the cool norm\/mantra that &#8220;it&#8217;s OK for  [&#8230;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15144","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>the cool norm\/mantra that &quot;it&#039;s OK for startups to lose money - www.winningthinking.co.uk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winningthinking.co.uk\/?p=15144\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"the cool norm\/mantra that &quot;it&#039;s OK for startups to lose money - 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