[Taniwha]

It's worth noting that before the dotcom bubble the rule of thumb was that a startup had to have 5 quarters of profit before going public - the whole dot-com thing of going public on vibes before making any profit was part of why it was a bubble, and also why investors were playing in a whole new sandpit and possibly out of their depth

[vlovich123]

I’m not aware of any company that’s going public only after 5 quarters of profit for the past two and a half decades since the dotcom either.