Startups should be - if you graph their financial performance, it should be what's called a J curve. You start out at zero. you're not making any money; you're not losing any money.
Much like Warren Buffett has said very famously - he doesn't buy technology stocks because he doesn't understand them- I will not buy consumer goods companies because I do not understand them.
Early traction of Tesla is tracking very closely to Apple.
If you're trying to get to profitability by lowering costs as a startup, then you are in a very precarious and difficult position.
None of us are going to fix governance; it may just be beyond repair. But you can fix capitalism. And the reason you can fix capitalism - It is inherently numerical, and as a result, it is inherently objective. It can be done objectively.
I wasn't blessed with the natural ability to rein myself in.
