August 12th, 2017
(written by lawrence krubner, however indented passages are often quotes). You can contact lawrence at: email@example.com
It’s interesting that Parsely said yes to $6 million. They are basically profitable, but they need some money for expansion. In all previous eras, they would have applied for a bank loan. That is what profitable companies do when they want to expand. But somehow, we now have a business culture where it seems to make sense to sell equity to finance expansion, even when profitable.
I am not for or against this, I’m simply noting how much this is an example of the zeitgeist. This is where we are at right now.Source