These companies started with limited capital, forcing them to prioritize early revenue and profit. (inc.com)
It is only in the later stages where we see the opposite effect, which is easily explained by early revenues leading to increased valuations for the attention grabbing private IPO companies. (blog.ttcp.com)
Smaller, high value markets (such as greenhouses, carbonated beverages, etc.) can provide early revenue opportunities. (centerforcarbonremoval.org)