>They are forever capacity-capped because their model doesn't scale; the benefits of adding labor are sub-linear, so there's a "healthy size" for them and they

>They are forever capacity-capped because their model doesn't scale; the benefits of adding labor are sub-linear, so there's a "healthy size" for them and they leave money on the table if they scale in either direction from it. But they have their niche, they fit it nicely, and they continue to operate. That's basically most German mittlestand companies. They have their niche that doesn't scale.