Why Growth at All Costs?
NOVEMBER 25, 2015
But Daly is among those who believe the much-discussed “burn rate” of many companies is unsustainable. That’s especially the case if there’s a market downturn and private investment dollars dry up. It makes sense on paper.”. The concern is that those high valuations also exist only on paper. In fact in the case of a downturn, I think it’s going to be amplified. The outspoken Bill Gurley never has been one to sugarcoat what he thinks.