Vivek Ramasway founded Roviant Sciences lost 291 million last quarter on 21 million revenue but worth 8 billion dollars

[paracord]

Originally Posted by Millertime1

I don't know if he is as bad a businessman as Trump is but it's probably pretty close.

Donald Trump is a billionaire with a worldwide recognized brand name way before he was president....since the late 1970s.

He's the only member of the Billionaire/POTUS club in history.

He has/had buildings in NYC, AC, LA, CHI, etc. with his name on them.

He has hundreds of millions of property assets with his name on them in Europe.

He was able to decline the government plane to his transition meeting with Obama because HE HAD HIS OWN PLANE.

Living in the White House was a downgrade for him.

If that's a "bad" businessman, then wow, I'd like to see a good one.

It's funny how liberals don't even understand success when they see it.

[Mircea]

Originally Posted by hotweatherlover1982

Seems like Vivek Ramasway used his communication skills to promote all these biotech fantasies and investors have given his company billions dollars, but the company lost 291 million dollars on 21 million dollars of revenue.

I'm confused.

Do you not understand the meaning of "bio-tech" or do you not understand investing, or perhaps you don't understand business operations?

Start-ups typically lose money over the first 7 years before they start turning a profit. There is nothing unusual, extraordinary, unprecedented, or atypical about that.

Biotech companies often take longer to turn a profit because of the extraordinary investment in biotechnology and the same is true for tech companies.

After all, it's a biotech company, not a snack food company. What a snack food company spends on R&D in one year wouldn't fund a day at a biotech company.

Biotech is also high risk if the R&D doesn't pan out into a useful patented something that can make money.

He isn't CEO so I'm not sure why you're mad at him.

I just realized I met him. I hang out with Indians because they're fun people and have good food. I even went to a wedding at the Hindu temple here even though I'm an Atheist. I like art. That might have been where I met him. Well, now that I think about it might have been through Pramod Jhaveri.

Anyway, successful people often have failures but they're only failures if you don't learn from them.

[workingclasshero]

Originally Posted by Millertime1

I don't know if he is as bad a businessman as Trump is but it's probably pretty close.

let's see, trumpo had 7 failures out of over 700 successes, that's a 1% failure rate... if you think that's bad, then you don't understand business.