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If you look closer, you can see what "Founder mode" is really about, and it's right there plain as daylight in the original post:

Airbnb's free cash flow margin is now among the best in Silicon Valley.
free cash flow margin

In the end, Paul Graham only cares about how you run your company insofar as it's VC funded, and aimed towards making him and his tech-bro buddies as much money as possible (any other externalities be damned).

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