Many Internet companies that have gone public had never made a profit before their IPO and were not likely to in the near future; they had existed on venture capital.

Name: Many Internet companies that have gone public had never made a profit before their IPO and were not likely to in the near future; they had existed on venture capital.
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Question

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Many internet companies, especially during the dot-com bubble, went public without having made a profit, relying heavily on venture capital for funding.

Many Internet Companies That Have Gone Public Had Never Made