I grant that they are not that old yet. One counter-example of a software company that has kept growing organically is SAS Institute (now $2+ billion and counti

I grant that they are not that old yet. One counter-example of a software company that has kept growing organically is SAS Institute (now $2+ billion and counting). Don't know anything about their internal culture - they say attrition rate is very low. I would modify the "grow or die" to "adapt or die" because it is really lack of adaptation that seems to kill, and lack of growth may be a manifestation of lack of adaptation. I am not sure size is actually a benefit or hindrance to adaptation (it may be neither). It is theoretically possible for a small company around in 1985 to have adapted itself successfully through waves of change. But alas the only company I can think of that has come anywhere close to adapting through waves of change is Microsoft (and even it hasn't adapted that well). An example of botched adaptation is the Altavista search engine from Digital. I remember the time it was the most advanced search engine (at a time when Gates didn't think search even mattered). The parent company entirely missed their value.