I remember a coworker telling me in a condescending tone 'this is how a startup runs, you break even and try to expand market share, burning investors cash and growing without profit' when I asked about how it is that our company that has not made any profit in the past 4 years serving enterprise customers is able to still be solvent. What if investors suddenly stop injecting cash? Financials would be negative in the first quarter.

I never understood the working models of growing at the sole expense of investors money. Because I don't know but last time I checked capitalism and free market still is king, and they always have a history of major market correction. When something's not efficient or something's offplace, market has a tendency to correct itself, in a big, unexpected, ruthless sort of way and we've seen this again and again, but history seems to teach people nothing.