[gnicholas]

> Had I understood these simple concepts I believe I would have made very different decisions in building my business. I would have likely focused less time on maximizing profit (E) and more time investing in future earnings and value (M)

It sounds like he's suggesting that the acquirer didn't care about how profitable the company was. I'd be curious to know if others have found more focus on revenue and less on profitability. I've definitely talked to some VCs that invested based on revenue numbers, and didn't care at all about profitability. Does this happen with acquirers too?