Why Some Digital Companies Should Delay Profitability for as Long as They Can
MAY 4, 2017
When Patrick Collison, CEO of electronic payments company Stripe, helped kick off our second-year strategy course at the Stanford Graduate School of Business this year, he observed that this has created one of the most profound differences in decision criteria between leaders in industrial-era and internet-era companies. How can you continuously defer short term profitability to grow your network effect? Risk losing short-term. Or almost certainly lose long-term.