It’s the issue of hypergrowth or ‘blitzscaling’.

Plenty of companies will deliver just as much, if not more, with a 30 person strong team, as they would with 600, or 10,000.

But a thirty person strong team isn’t going to get a multi-million cash injection unless they plug it all into a swanky office and an ever-growing wage bill.

I greatly admire Basecamp and it’s founders, DHH and Jason Fried, for completely bucking this trend. And they’re as successful as ever.