Gross Profit
topic on 3 shows · 6 statements across 6 episodes
WTF is with Nikhil Kamath 
Top Founders 
20VC
6 statements about Gross Profit, every show
Gibson: Product trade-offs should be evaluated using a single metric like gross profit
“We try and denominate the different ideas in terms of the impact they can have on those goals. So let's say gross profit is your ultimate goal. You should be able to do some pretty basic calculations on should you build your new, let's say localized tax featur…”
Green: Private companies frequently fudge gross profit numbers via COGS manipulation
“There's a lot of ways to fudge gross profit numbers and through cogs and all that kind of stuff.”
Khaitan: New Alcohol Startups Need 70-80% Gross Margins to Survive
“For any newcomer you have to, your gross profit has to be high. It has to be 70 to 80%, else you'll fail. If you try to compete with the masses, big boys will take you.”
Gerstner: Tiny fraction of VC deals generates majority of industry profits
“That's a tiny number of firms and a tiny number of deals that represent the vast majority of the gross profits that get generated in the industry.”
Storonsky: Revolut reinvests 100% of its gross profits into marketing
“So our view is we optimize as much as possible gross profit. So we minimize costs, we optimize revenues on the one side, then we generate profits, and then all the profits we invest in marketing.”