I’m not a big fan of the idea that companies should grow as fast as possible, but I thought that this was a well-reasoned experience report of passing on that opportunity. (Though this scale of opportunity is very rare!) He certainly passed on a lot of potential revenue, and it could’ve been the end of his company. There’s very real risks on both sides of the choice.
Wow this is a really interesting perspective - a lot of us (at least me) love to drink the bootstrapping kool-aid and not really consider that there might be a reason the VC-funded startups are obsessed with growth beyond greed. It’s very Game of Thrones - you play or you die. I like that he called out 37Signals specifically too, given that they’re the most militant about not growing.