Fred Wilson, on Profits vs. Growth:
But I’m a bit sick and tired of the objective of every operating plan I see is to get the business to a point where it can raise money at a much higher price. That’s nice and it’s how the VC/startup game is played. But at some point I’d prefer to see an operating plan that has the objective of getting to sustainable profitability. And I do mean sustainable.
Even for those that want the regular VC/startup game to continue as is, at some point you need more giants like Google and Apple to rise up. Other wise you’ll eventually run out of large companies interested in buying the startups VCs invest in.