There&#x27;s a contextual cue that&#x27;s missing between the two, but a strong hint is in the, &quot;Growth that can never translate into long-term positive cash flow...&quot;, statement.  That context is growth for what duration and what investing purpose.<p>If I&#x27;m investing into a business for the longer haul, like a pension fund might or maybe looking at a company to take a senior position in and stay in a job for years and years, etc. the viability of the business as a business becomes more important than if I&#x27;m investing for an exit 2-5 years down the road.  If I&#x27;m a VC or similar looking for a relatively quick turnaround, in short two to five year window the company might become recognizable enough or have a popular technology etc. that the long term viability of the business qua business becomes less important than does who might want it for reasons other than current revenue or profitability.<p>Once you get the context, the quotes aren&#x27;t so much contradictory as much as referring simply to different goals.