A short recorded conversation from Precursor Ventures (May 12, 2025) discussing how venture capital shifted priorities from attaining early profitability toward prioritizing growth starting in the mid-2000s, and that the industry has not broadly returned to emphasizing profitability.
It's funny, back in the stone ages of venture, like, companies got profitable, like, fairly early in their life. It was an important step to make sure that the business actually worked because you were going to take that company public someday. And we've, we're pretty far away from that.
When did that change? Can you hearken back to those days?
And about mid-2000s, it's like, everyone's like, well, growth is more important. We'll solve profitability later. We never sort of came back to that in the venture business.
