&gt; All companies grow exponentially.<p>No, they don&#x27;t.<p>&gt; Any compounded growth is exponential<p>Not all growth is compounded in a way that fits an exponential curve. Sure, any <i>single interval</i> (two data point) growth will fit some exponential curve, but once you get a second interval, it may or may not fit (or be approximated by) any exponential curve.