00:01 Funding for startups has significantly declined in recent years.
01:43 Late-stage startups are struggling with a chronic money burning problem.
03:33 Early tech companies became profitable in a few years, but Amazon changed the game.
05:14 Money burning startups eventually lead to failure.
07:11 Amazon, Google, and Facebook used different strategies to fund their unprofitable ventures.
08:55 Startups that were not profitable but had high valuations became successful investments.
10:48 VC funding and investor greed led to an explosion of startups reaching unicorn status in 2021.
12:31 Money burning startups will go bankrupt and be bought out by larger companies.
Discover more from Erkan's Field Diary
Subscribe to get the latest posts sent to your email.