Growth by itself does not create value. If ROIC is lower than cost of capital, growth destroys value.
As there is no return in most of “#unicorns”, these are extremely successful at #value destruction.
Have a look at Gorillas: “Over the past 12 months, it was, on average, losing more than €1.50 for every €1 it generated in net revenue”
Cem'in Gezegeni 