Retail is an EBITDA sport. In 2019, at Shopify Plus’s New York conference, a relatively unknown, foreign brand espoused the importance of healthy growth and profitability. American brands received all of the attention back then, but it was Daily Paper founder and CEO Hussein Suleiman that won over a crowd of fawning American entrepreneurs. He and I spoke after his speech and he left me with a quote that nodded to The Social Network’s most remembered line:
A million dollars raised isn’t cool. You know what’s cool? A million dollars earned.
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