From the S-1 application Demand Media filed today is this little gem, that none of us would be too proud of saying if it was our own business:
“”We were founded in 2006 and have a limited operating history.”
“We have had a net loss in every year since inception.”
“As of June 30, 2010, we had an accumulated deficit of approximately $52 million and we may incur net operating losses in the future.”
“Moreover, we anticipate that our cash flows from operating activities in the near term will not be sufficient to fund our investments in the production of content and the purchase of property and equipment, domain names and other intangible assets and may never be.”
Where do I go to buy some of this?
A loss since inception of $52 million and they may never have the cash flow to cover expenses?
My company Worldwide Media, Inc. has been in the domain business since 1997 and has reported a profit in every year since inception.
Of course we’re are not going public.
What the Hell are we doing wrong?