No, PG states a preference for revenue growth... with user growth being an acceptable stand-in, contingent on the usual assumption that users will convert to re

No, PG states a preference for revenue growth... with user growth being an acceptable stand-in, contingent on the usual assumption that users will convert to revenues. And the VCs in his model are not the end goal, but only a middle stage, to accelerate growth and thus dominate a market, creating an enterprise that will be valuable to others on some combination of traditional factors (such as discounted expected profits or synergistic/strategic value when combined with an existing business). I think you're trying so hard to see what you already believe you're missing parts of the PG argument.