> Uber and Lyft are in trouble because they wanted to be exit strategy profitable rather than simply profitable. I think this gets at one of the key problems w

> Uber and Lyft are in trouble because they wanted to be exit strategy profitable rather than simply profitable. I think this gets at one of the key problems with the current psychology of startups. Everything is build around creating an illusion of rapid, exponential growth, even if that growth is unsustainable. In the long run the exit focused strategies of startups and VCs mean we are going to be left with a few monolithic tech companies striding among the burnt out corpses of energetic, innovative startups, left to die because they couldn't reasonably target a high value exit strategy.