There's no limit to how much a house in San Francisco can cost. There is no limit to how much heart surgery in any hospital can cost. There's no limit to what a four-year college degree can cost; it can potentially cost infinite because the government will just keep subsidizing it ... It's obvious what we need to do. We need to technologically disr... See more

Companies with poor unit economics found themselves propelled by aggressive venture dollars (which themselves were propelled by a low-interest-rate environment). Those companies then turned those dollars into aggressive customer acquisition. Until recently, the market rewarded growth at all costs.