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But even if a hyper-growth unicorn has succeeded while doing everything right for its employees, one key factor is often an issue, and it happened to me in the example at the start. In my competition-winning sale of $10 bills for $5, I lost $50,000. If you asked many people — especially those not used to analyzing the world of software-as-a-service (SaaS) companies — whether a business making a significant, increasing net loss was a good thing, I’m sure they would say that it isn’t.

Snoopy Charlie Brown watching black hole sweatshirt

In fact, Lyft appears to have made the largest ever net loss for a company going public. This raises a pivotal question: What does success mean for startups? After all, the companies that ring the NASDAQ bell get the global news headlines and the glittering cascades of ticker tape. But companies that our industry and media celebrate as successful are rarely making a profit, unless they happen to be miracle workers like Zoom.
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