The Importance of Moderate Growth in Business

It's far easier to raise capital for a loss making business than it is for a profit making business. People love to see the promise of future cash flow, which is at a much more multiplier as opposed to a steady business that is taking share away from Sony or Bose and Harman Garden Online. But you're right. I think large unicorns are fueled far between for years. It's not played out across sectors. Profit pools are not there yet. And most people don't think like that. They will say, hey, if I have to grow then I have to lose money. So why would you prioritize a high growth negative margin in business? Even today you are seeing that