Category: unprofitable

The herd sours on unprofitable unicorns again
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The herd sours on unprofitable unicorns again

David Friend is the CEO of cloud storage company Wasabi, and co-founder of cyber security company Carbonite, recently bought for $1.4 billion. Wasabi is his sixth startup. There has been a mountain of press lately about how investors are souring on unprofitable unicorns. We’ve seen this movie before; for a while, it’s all about growth,…

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