Times seem to have changed. Profitless businesses are given sky-rocketing valuations. Olsen is long gone now. DEC was purchased by Hewlett Packard. He'd probably be as mystified as I am by the money and services available today.
A random mental walk.
Sunday, July 27, 2014
Amazon's profits
The headline "Why Amazon is Losing $410 to $810 Million this Quarter" led me to an article in SupplyChain247 with the image shown below.
It took a third look before I found the line on the baseline to see how trivial Amazon's profits were. I remembered advice given by Ken Olsen, founder of Digital Equipment Corporation. After confessing that he hadn't known what the word entrepreneur meant he said that the people who were willing to finance a young business were old. They expected the business to showprofits during the time they had left on earth.
Times seem to have changed. Profitless businesses are given sky-rocketing valuations. Olsen is long gone now. DEC was purchased by Hewlett Packard. He'd probably be as mystified as I am by the money and services available today.
Times seem to have changed. Profitless businesses are given sky-rocketing valuations. Olsen is long gone now. DEC was purchased by Hewlett Packard. He'd probably be as mystified as I am by the money and services available today.
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