1) Equity isn't debt.
2) Profits? You must be kidding. Take a look at some SaaS companies that have gone public in the last 5 years. Few are profitable. It's all about growth of revenue. The profits are way down the line.
2) Profits? You must be kidding. Take a look at some SaaS companies that have gone public in the last 5 years. Few are profitable. It's all about growth of revenue. The profits are way down the line.
Who's kidding? I doubt you genuinely believe we've reached a new paradigm where bankruptcy is no longer a thing.
But you were ostensibly addressing the idea of making it as an independent company - not whether and when revenues and profits might suddenly matter again.
We are officially well on our way to 1999 bubble territory! Nothing matters but revenue growth, even if you're selling dollars for 50 cents.
Maybe if there were VCs who would be happy to own part of the company and be satisfied with the dividends from Github's revenue, it'd be a different story.