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blackbootz · 1897 days ago · link · · parent · post: Tim O'Reilly - "survivorship bias masquerading as a strategy": the argument against "Blitzscaling"
Beat me to it! Great title for the article. Balanced with the author’s criticism are the steel-man version of the merits of “blitzscaling.” This article really does both sides justice. So many great parts, but what had me cracking up:Another story of self-funded growth I particularly like is far from tech. RxBar, a Chicago-based nutrition bar company with $130 million of self-funded annual revenue, was acquired last year by Kellogg for $600 million. Peter Rahal, one of the two founders, recalls that he and co-founder Jared Smith were in his parents’ kitchen, discussing how they would go about raising capital to start their business. His immigrant father said something like, “You guys need to shut the fuck up and just sell a thousand bars.”