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Well, you'll need positive cash flow sooner or later if you want to stay in business. But the advantages the op attributes to positive cash flow are really advantages of having money in the bank. The only advantage to having a slightly positive cash flow is that it makes you feel good. If your cash flow is slightly positive but your key people are getting stock options or whatever as a nontrivial part of their compensation, you are actually losing money.


Didn't that happen to Uber when all the RSU from before the IPO vested?

Or with Amazon around 2017 after the stock jumped by a factor of more than five and they gave put too much RSUs in the years before?




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