As a startup, the more you constrain your target audience, how feature-heavy your product is, and how much money you spend building it, the more likely you are

As a startup, the more you constrain your target audience, how feature-heavy your product is, and how much money you spend building it, the more likely you are to find a market you can succeed in -- or fail quickly. Both are positive outcomes. But, you have to value your time properly. Otherwise your perception of being frugal is really just an accounting error. Our competitors outspend us by orders of magnitude. But we've been frugal and focused. So while they're worried about raising their series X and lining up an exit, we're worried about serving our customers better and how to spend our profits. I wouldn't want to switch places.