In today's startup and VC ecosystem, they've already won. They don't have to ever become profitable, they just need to get money from their friends and connecti

In today's startup and VC ecosystem, they've already won. They don't have to ever become profitable, they just need to get money from their friends and connections, forever. I don't recall who said this (if anyone does, please do share!), but it goes something like this: if you reach Series F, it means exactly what you think it means. Well, not anymore. It won't be long until we'll exhaust the alphabet for funding series names, and we'll go two letters. And this is not even a critique of PG. It's just what the VC and startup ecosystem seems to have become. If anything, YC does seem to be a sort of counterbalance to this trend.