Conventional VC wisdom would suggest that profitability is capitulation that a company is not reaching their ultimate growth potential. And in some cases that is true. More often than most would like to acknowledge, it is not.
We also believe that profitability is the most leveraged position a founder can put themselves in to scale, to raise or to sell if they so choose.
… these mystical creatures grapple with digesting 10s, and often hundreds of millions, of investment we think there are opportunities for thoughtful, focused, slow followers building profitable independent alternatives.