6min chapter

REWORK cover image

Come Small, Come All

REWORK

CHAPTER

I Don't Understand Why You're Losing Money

I understand how it happens, but I don't understand how it sustains. If you can keep losing money and people are going to still feed you... Why wouldn't you? That's kind of why. A lot of them are after market share. They don't care if they lose money per customer because they're just trying to beat everyone else. And so they just kind of pour money into marketing and lose money. But regardless, they lose because they're allowed to. So now we're here and the market is awful. It's probably hasn't been a worse time to raise money than the now compared to the last 20 years or something.

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