Yes the rules have changed, seems the idea is to get big fast increasing revenue without regard to profits, and eventually have a great IPO, then one of the following:

1. hope you can sucker someone into buying the company

2. keep the VC $ flowing and continue growing, then loop to # 1

3. worse case, need to start making a profit and hope you can survive until # 1. If #1 does not happen, pray(?).

During this time, the founders are pulling in a great salary.