I feel like a lot of entrepreneurs hear all this talk about profitability and realize they need to lower their burn. So, they just start chopping off perks and people.
Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.
Early traction of Tesla is tracking very closely to Apple.
If you're trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.
None of us are going to fix governance; it may just be beyond repair. But you can fix capitalism. And the reason you can fix capitalism - It is inherently numerical, and as a result, it is inherently objective. It can be done objectively.
I wasn't blessed with the natural ability to rein myself in.
