There are exceptions of course. The risk to reward ratio seems pretty bad to me, though.
yeah, it is a lottery. Though more often than not is paper money that never realized into actual $$$. I did my fair share of it, but eventually went for steady long term income, slower growth but sustainable.
I see it as investing in single stocks or boring mutual funds.
Tripling the revenue and headcount would be ok if they could make this line go up (or even stay level)
https://www.wolframalpha.com/input?i=TWLO+profit+divided+by+...
As it is, the number is negative and the slope is negative.
And on the engineering front: If they're not investing substantially in R&D, then they're likely going to flame out in the coming decade. R&D expense grew 2.62x in the same timeframe.