shukisasson,
We doubt our investments all the time. The problem is the complete irrelevancy and naivety of your question. EVERY great growth company in its early years has a negative ROI! SHOP, as an example still does and yet they are nearly a 10 bagger in 4 years. Mongo is way negative ROI and yet it is up I don’t know 3 to 400% since it went public (very nice for us, thank you!). Twilio…they are all practically negative ROI.
Your question simply has no relevance to the investments we discuss on this forum. If you want ROI you may want to go to a board that focuses more on value or mature company investments.
We recently had a thread on is it better to be profitable or to grow fast. Charles Schwab, in his memoirs, stated unequivocally and adamantly, it is far far far far better to grow fast (as long as you will someday turn that into profits - as I add to it).
If you think ROI should be our criteria as to what we invest in, please give us a framework that supports this position you are taking as to how ROI should be a primary consideration when investing in earlier stage growth companies.
That is up to you. If you find out it is true, then please fill us all in on it. Otherwise, your question has zero relevance to investing in the stocks we invest in here. And btw, even after the recent crash most of the stocks we invest in her are still up 2, 3, 4, 5 or more x since 2015. So please don’t tell us market “darlings” that are profitless with negative ROIs.
If you can prove that is relevant for us, you are welcome to do so.
Tinker