The whole mentality was to grow regardless of how…

The whole mentality was to grow regardless of how inefficient that growth was, regardless of how unprofitable it was. In their defense, founders felt like they had to play the game that was on the field. That game was that if you didn't show the most top-line growth and your competitor did, they would raise all the money and they'd be able to buy up the rest of the market.

— from Leadership & Business (Leadership/Business) · Holy Grail of Investing: The World's Greatest Investors Reveal Their Ultimate Strategies f

In the book

The worst regret of all is to spend a life playing by someone else's scoreboard. Growth at any cost. There was a long stretch when the whole game was to grow regardless of how inefficient or unprofitable the growth was, because if your competitor showed more top-line growth, they'd raise the money and buy the market. It ended the way such things end. — Leadership & Business (Leadership/Business)

Also belongs to

Related