When it comes to contemporary tech IPOs, profits don't matter. "Many of these tech issuers—particularly the enterprise tech ones—could be profitable if it was somehow required. They'd probably shrivel up and eventually die, but it technically could be done (as opposed to investing into future growth)."
Seems a little misleading to quote just that, vs...
"For a company like Box, chances are that the skeptics are wrong. Its revenue has effectively tripled over each of the past two fiscal years, while its losses only increased by 50% last year. Moreover, it's only begun to scratch the surface of possible enterprise customers — particularly because its sales model relies on employees incorporating the free version into their workflow before approaching corporate about an enterprise-wide pay version (only 7% of its 25 million registered users currently pay). Likewise, a company like Castlight was arguably being valued by its order backlog and macro healthcare insurance changes that are creating a vast opportunity for its solution."
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