I watch this clip where Mr Wonderful Kevin O'Leary totally trashes the Uber IPO. Basically he wants people to go back to basics, if there's no cashflow then it's not a good investment.
I totally agree with his argument. There's a lot of VC and Crowd Funding money flowing around creating a smokescreen making companies look very good. Profits are sacrificed over growth.
I totally agree with his argument. There's a lot of VC and Crowd Funding money flowing around creating a smokescreen making companies look very good. Profits are sacrificed over growth.
