* Rapid growth
* Frenzied hiring
* Profitability relatively late in the game
What about different approaches to building and running great companies ? Why not: * Focus on the product and passionate users (ala Paul Buchheit and Gmail)
* Focus on exactly how you make money from that product
* Hire incrementally at (or just before) the point you are profitable
* Accept slower (less fashionable and exciting ?) growth
Maybe that would help align our thoughts around what it takes to build a sustainable business rather than just coding great features ?It also has the added advantage of freeing you from the hand of the VCs and looking over you shoulder fretting about your burn rate.
* Rapid growth, Frenzied hiring and Profitability relatively late in the game "
If anything, Steve Blank reccomends a strategy completely opposed to the above. Read his book. The flowchart may make more sense then?
Once you have product/market fit, you have the semblance of a business. You transition towards growth from there.