I didn't say I don't admire the dedication to stick with the plan as long as they did or the balls it took to take on that debt knowing that 1 poorly timed expensive issue could destroy all their work.

None of that changes that amazon grew the way they did because they played the fiat debt growth game perfectly. This helped them beat competition who weren't as good at that game as they were. All of Musks companies, netflix, uber and a few others are also king even though they weren't the best in the market because they were better at the fiat debt growth game. This is a separate game to the basic good product, good price, good customer service model of business from middle school economics. Modern fiat businesses must do both to be king.

Most bitcoin companies are on a bitcoin standard and don't have access to those insane levels of leverage and cheap debt. They will need to run the company differently. We will need to support those companies differently as consumers. Devs from the silicon valley VC world who don't see this important distinction and adjust will get wrecked.