How do these principles apply in modern startups — eg social networks or an Uber that takes 20 years to become profitable? It seems to me profit is the last thing on the mind of these companies
Meta is immensely profitable, as well as Uber. "Path to profitability" are the golden words for any .
To answer your questions on how they apply to modern startups:
Whether building software, manufacturing rockets, or running a nursing home, everything has a bottleneck, an interconnected system, and key metrics which measure progress. Understanding 'the goal' gives you clarity to understand all three of these things.
How do these principles apply in modern startups — eg social networks or an Uber that takes 20 years to become profitable? It seems to me profit is the last thing on the mind of these companies
Meta is immensely profitable, as well as Uber. "Path to profitability" are the golden words for any .
To answer your questions on how they apply to modern startups:
Whether building software, manufacturing rockets, or running a nursing home, everything has a bottleneck, an interconnected system, and key metrics which measure progress. Understanding 'the goal' gives you clarity to understand all three of these things.