Rob Walling on Eric — 'Tobacco companies are technically profitable. So are Ponzi schemes'

Rob Walling — bootstrapper-investor-podcaster behind Startups For the Rest of Us (15M+ downloads), MicroConf, and TinySeed — drops a launch-day episode reframing Eric's argument as a debate over what profit even means.

“Tobacco companies are technically profitable. So are Ponzi schemes. Eric Ries says the definition is broken, and he has a better one. The author of The Lean Startup and his new book Incorruptible joined me to revisit the ideas that changed how founders think about building companies and explore where he believes we've gone wrong as an industry. His new definition of profit isn't idealistic: it's concrete, and it has real implications for how you structure your company, write your charter, and decide what you stand for.” — Rob Walling on LinkedIn