Once again, companies are going public at a breakneck pace and without profits. In 1999, 80% of companies that went public were unprofitable

One has to wonder if this is because so many tech startups are free or freemium — ad supported — and those ads need to be (eventually down the line) for companies that make either goods or services that are fee based. If consumer spending doesn’t keep some semblance of pace with these “growth” rates, isn’t a correction surely waiting in the wings?

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Author of “The Wabi-Sabi Way” and “Be, Think, Do”. Subscribe to my newsletter “Woolgathering”: https://goo.gl/UhzUYL.

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