The common counterargument to this is that investors want to buy growth, not profits, and to maximize valuation you should give them what they want. Profitable

The common counterargument to this is that investors want to buy growth, not profits, and to maximize valuation you should give them what they want. Profitable SaaS businesses are not rare. Profitable SaaS businesses which do $50 to $100 million recurring within fiveish years of founding? Those are pretty rare. (Most HNers could, if they thought through it carefully, name one example.)