In 2020, you could credibly argue that ZIRP explains the world,but that’s an impossible argument to make in 2024 when zero-interest rate policy is only a fond memory.Instead, we’re seeing a number of companies designed for rapid expansion learning to adaptto a world that expects immediate free cash flow rather than accepting the sweet promise of discounted future cash flow.
This chapter wants to tackle that problem head-on, taking the role of an engineering organization attempting to navigate...
Published on November 11, 2024 05:00