It's deliberately light on detail because (in the absence of feedback) I'm not at all sure it isn't just Old Man Yells At Cloud.
Shorter prediction: at higher interest rates, having low turnover but insane margin is worthwhile[0]; at low/no interest rates, having insane turnover but low margin is worthwhile[1]. These two distinct paths to profit encourage very different styles.
Does that make more sense?
[0] so an average startup looks like a "heist team" that uses specialised, even abstruse, technology to reach liquidity; the "sure, it was an unholy lashup of common lisp and javascript, but it sold" syndrome
[1] so an average startup looks like a "hustle" that depends more on network effects and ecosystem than key competencies; the "we're X for Y" syndrome
