$1,000,000,000,000
Few days ago, the United States nonpartisan Congressional Budget Office projected that the U.S. federal government’s budget deficit would reach $1 trillion by 2020. Norway has a $1 trillion oil fund [call it cash or liquid asset at hand].
Jumia lost $148 million in 2017; the ecommerce giant has raised $796 million in its history. Konga (before selling to Zinox) did not even raise up to $148 million (cumulatively) which Jumia lost in one year. Yet, Konga went down on distress even when making small profit as it was reported. (Konga is back, as I have noted few days ago).
I want you to think over these scenarios. They offer lessons at national and business levels.
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