Why Some Digital Companies Should Delay Profitability for as Long as They Can

Harvard Business

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. Invest today to build an ecosystem, demonstrate value, drive network effects, and create customer loyalty. Nicholas Blechman for HBR.