A very big reason for the “go big or go home” mentality comes from very simple company valuation metrics: If you have $10M ARR and modest growth you’re probabl

A very big reason for the “go big or go home” mentality comes from very simple company valuation metrics: If you have $10M ARR and modest growth you’re probably going to get a ~4x P/E valuation. If you have $100M ARR and modest growth you can go public and get a ~20x P/E valuation. So you’re not only 10x more valuable, you’re 50x more valuable. Basically you get a massive multiplier boost on top of the increased scale. (Rough & approximate, YMMV, etc)