The document discusses whether growth is always good for startups. It notes that growth can be bad if it leads companies to accumulate technical or management debt, neglect customers, scale before optimizing their business model, or make strategic missteps. It also discusses how the influx of capital from institutional investors into alternatives like venture capital has created high valuations and growth expectations, potentially forming a bubble. The document advocates that founders choose their goal as lifestyle business, aiming for the "big leagues" and failing/selling quickly, or aiming for the "big leagues" and succeeding to guide their approach to growth.