Startups which were loosing hundreds of millions last year are now annocuing PAT and planning for IPOs. What has changed really or were they uselessly burning money
Law of diminishing marginal returns would be the answer here. Companies CAC was greater than LTV and they were spending money because they had to show top line growth to get the money. Now with focus on profitability, companies have done 3 main things-
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Wrong accounting. Hidden org structures showing one part of the company in profit and others in more losses.
1 year back all startups were losing money like crazy while all of a sudden everyone from Swiggy to Meesho to Unacademy are profitable or EBITDA positive. Other companies which were profitable earlier have not shown a spike in profit.
W...
How is the work culture at KooApp.com ? Since it is a growing startup, the work load can be a lot , but how is the environment? Fun, toxic, challenging? Also throw some light on benefits.
Hi Grapevine,
I'm Sajith, Partner at Blume Ventures, where I oversee consumer and India B2B investments.
I am a long-time media executive turned VC. After a two-decade-...
Hey Sajith, Great to see you here and very much thanks for doing this. 1. What factors does Blume consider whil...
Hi Sajith, Blume Ventures is a dream for many. Here's a simple question: How do you know when a portfolio c...
Hey Sajith, Really great to meet you Your portfolio consists of Edtech startups, but unfortunately we have seen ...
Few months ago, mama earth CEO compared it's losses with Amazon saying, "Amazon too made losses". Now Firstcry is IPO bound with their losses being 6x in 2023 and also justifoed it.
Amazon made a loss Because they invested all their p...
