📊 EBITDA Positive ≠ Profitable: The Startup Illusion/delusion
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is just a fancy term used to prevent yourself to be called loss making and shows reduced losses
1. Depreciation
Don't you think VC knows the difference between Ebitda and Profit.
The only use of it is just to improve a company's image in the public. As general croud don't know the difference between them
