(author here, thanks for reading!)

Fwiw, this post isn't meant to be an endorsement or condemnation of the venture backed high-growth model – it's just a description of a phenomenon that seems to occur fairly predictably in those types of companies. I do agree that moving to a world with slower growth, more profitable companies would be excellent for software, and also agree that we're shifting that way as the market matures.

Thanks again for reading!