Hello, I'm Taylor. I'm an early-stage VC at kbs+ Ventures and a professional business photographer at Narratively. I love experiments, projects, big ideas, little adventures, and common sense. This blog is a mixture of writing and photography, as well as curated greatness from around the web. People seem to like it. See the archives here.
"While the accounting metric seemed to turn lead into gold, the response was negative. A number of commentators called the metric “income before expenses.” Groupon was polishing its numbers by simply taking out things that cost a lot. How could that be a valuable measure of the company’s worth?"
Accounting at Groupon and Zynga Shows Need for Review - NYTimes.com
The short answer: it can’t.
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