Tech Companies Must Prioritize Durability Over Growth For Long-Term Profits
David Senra · Sessions: David Senra (Founders Podcast) · Acquired · Mar 29, 2023 · at 21:11
David Senra recounts Peter Thiel's Y Combinator lecture on competition, arguing that over-optimizing for short-term growth destroys long-term enterprise value.
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“One thing that we do in Silicon Valley is we overrate, overvalue growth rates and undervalue durability. And he's like, that doesn't make sense for a technology company because all your profits, the vast majority of profits are 20 years in the future. And so if you're trying to optimize for growth and that, that, that over optimization can cause your company to go out of business, you're never going to collect that. You optimize for durability first, dummy.”
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