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📊 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

EBITDA is just a temporary badge of honor for startups. It's like scoring high in practice, but the real game—actual profitability—is where you need to prove yourself.