This is an important comment. When a company gets to profitability, the worst-case outcome is the company stops growing, it loses momentum and closes with a tiny payout. There is always an option to do that. By not aiming for profitability first he bet on spending big in pursuit of growth instead, which is the VC model. He was effectively his own VC in this case.

Someone with less funding availability might well write the tweet thread about how they were crushed by the person who had $10m of their own money to spend.

I do think it’s great that he wrote this up and I have to say, as a bootstrapped (profitable) startup founder in a space with heavily VC backed competitors, it made me pause.