Comment by wavemode
2 years ago
The goal of most Silicon Valley founders isn't profit, but growth. Quickly increase users, quickly increase revenue, quickly increase headcount. Quickly become a large company which can be sold for billions.
Or, never reach sustainability and eventually go bankrupt - this outcome is actually still good for the founders since they probably walk away with millions in their pockets (from paying themselves seven-figure salaries).
The goal of most Silicon Valley founders isn't profit or growth, but exit.
Whatever gets them there fastest is the 2nd priority.
It’s growth… until the “plateau” phase of the Schumpeter economic cycle (~60 years), where entrenched actors raise prices and customers lose choice.