I am a strong believer that:
1) Young & upcoming Bahamians will remain largely ill-prepared for the realities of entrepreneurship &
2) The Bahamas will continue to remain hostile to tech companies and startups as a whole
So long as we keep peddling this idea that revenue is the ultimate measure of success, and because of such, should be the main basis for taxation.
Revenue ≠ Success.
Company (Founded, Profitable):
Amazon (1994, 2003), Tesla (2003, 2020), Uber (2009, 2023), Twitter (2006, 2018), Spotify (2006, 2024), DoorDash (2013, 2024), Lyft (2012, 2024), Dropbox (2007, 2021), Netflix (1997, 2003), Snap (2011, N/A), Peloton (2012, N/A), WeWork (2010, N/A), Palantir (2003, 2023), Square (2009, 2015), Airbnb (2008, 2022), FedEx (1971, 1976), ESPN (1979, 1985), Yelp (2004, 2014), Zillow (2005, 2021), Wayfair (2002, 2023).