Pandora, Amazon: Sister Success Stories
When Westergren or Pandora CEO Joe Kennedy tells you that they have never set a timetable for profitability, don't laugh. These guys recognize that it takes capital and, more importantly, time to build a sustainable brand and execute a profitable business model. The greatest companies never break that cycle of investing "commensurate" with the long-term opportunity they have their sights on.
The bears and purveyors of Bubble 2.0 mass hysteria will never understand the idea of the perpetual startup. They'll never be able to look inside the minds of great entrepreneurs and understand, even a little bit, what's going on up there. As a result, they'll likely miss the boat on the Amazon.com "Bubble 2.0" produces.