[davemc500hats]

thanks, that's a good summary of our approach.

however, we will also invest in a few stories without clear path to revenue if growth is strong. but admittedly this isn't our favorite strategy. we certainly prefer strong business model over none, even with a small base of customers.

[tomasien]

Thanks for the addendum! I'm aware of that corollary but it's harder to explain as a coherent thesis. Paul always made it very clear to me that "there are starving startups in India than more traction than you" and "10mm users is the new 1mm users" so I've never been clear where that line was for you guys. As such, I usually leave it out of my explanations of my understanding of the 500 thesis.