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The bubble has popped for unprofitable software companies

David Heinemeier Hansson · 9 Nov 2022

The piece opens with

Operating within means is a viable business strategy

Operating within your means, taking profits along the way, and aiming for a stable, long-term business is not just dismissed, but frowned upon

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David Heinemeier Hansson did not write this page.

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  1. Operating within your means, taking profits along the way, and aiming for a stable, long-term business is not just dismissed, but frowned upon
  2. The logic of venture capital is to rush every business it touches through a steroid program that accepts a mortality rate of up to 90%

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