Shelden Shi
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on the atlas · 2
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Trying to re-engineer the unit economics or culture of a business that is already operating at massive scale is brutally hard.
The Gross Margin Problem - Bottom Up by David SacksNote that these businesses are still going to lose a lot of money in the early days. But the question is what kind of money are they losing? Losing money at the corporate level is ok (all startups do); losing money at the unit level is not. The question is what kind of money are they losing? Losing money at the corporate level is ok (all startups do); losing money at the unit level is not.
The Gross Margin Problem - Bottom Up by David Sacks