The issue with the original article seems like it could be summed up pretty simply, startups, for their founders and investors, aren't meant to create profit, t

The issue with the original article seems like it could be summed up pretty simply, startups, for their founders and investors, aren't meant to create profit, they are meant to increase equity. Therefore having the same business model as a cancerous tumor makes perfect sense, consume as much free resources (low interest debt) as possible to grow as large as possible in as short a time as possible, independent of any external effects or moral hazards that creates. So in that way at least the original article does have a point, in a better world startups most likely shouldn't take as much funding as they do, but in the current world, the correct answer for any particular startup will always be to do exactly that.