While it’s easy to flame tech startups founders about their losses, we have to recognise that any innovative endeavour comes with inherent risks and uncertainties.
Case in point: The Las Vegas Sphere’s first quarter loss of $98.4.This is especially painful to digest after investing about $2.3 Bn on developing it.
While these are still early days for the sphere, the long term outlook still remains positive for such an intriguing product built in the right location, for the right audience (people visit Vegas for nowhere-else entertainment).
Getting PMF, and more importantly BMF is a non-trivial business problem.