Great question. Cause or effect? One read is that people who work more are more likely to have longer-lasting and more successful companies.

Another is that, to the surprise of some, pressure increases, rather than decreases, as you scale (which I’ve found to be true). You have more demanding customers, more employees, more serious competitors…more to lose.

I’m sure there are other possible reasons and it’s a mix.

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CEO of Medium, partner at Obvious Ventures, co-founder of Twitter, curious consumer of ideas

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