I am amazed that a startup can be valued at a sizable billion dollar valuation, much more than an established multinational.  And yet the startup hasn’t churned a single dollar of profit after years and years of burning cash to chase market shares.

Think of it as a roulette where it spins and spins but never stops.  Well, it may cease to spin once liquidity dries up, once the Investors stop pumping additional funds.  This may happen if we are in a global crisis – remember 2008? 

So here we are, news headlines mentioning ABC Venture Fund invests in startup …