Prioritizing growth over profitability is crucial for the success of startups, as it is the only true indicator of product market fit and essential for IPO success.
A startup is a consistently growing and revenue-generating company that reinvests profits into innovation and user satisfaction, unlike a stable business that simply maintains its current state.
Demonstrate profitability and scalability with examples, but avoid constantly increasing margins as the burden of proof will become higher as the company grows.