Given COVID-19 lockdowns, this was a solid six months for Airtasker. Mr Market seems to agree with shares up more than 20% in the two days following the results announcement on the 31st Jan 2022.
Hi Jordan, I'm a new subscriber but I already value your deep dives so much. I'm also new to investing, and I wanted to ask about how I should think about investing in startups, like Airtasker, who are yet to breakeven. I very much want to invest for the long term in companies that are growing, but how can I be sure they will move towards cash flow positive territory. The initial prospectus for Airtasker says that they might not even reach breakeven point and may rely on continuing funding raising; and I was a bit taken aback by that.
Hi Jordan, I'm a new subscriber but I already value your deep dives so much. I'm also new to investing, and I wanted to ask about how I should think about investing in startups, like Airtasker, who are yet to breakeven. I very much want to invest for the long term in companies that are growing, but how can I be sure they will move towards cash flow positive territory. The initial prospectus for Airtasker says that they might not even reach breakeven point and may rely on continuing funding raising; and I was a bit taken aback by that.
Thank you,
Clinton