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>but rather grow fast, build hype, IPO, cash out move on model

you missed the step where you completely destroy the established market, and then when you're the only game left in town, make for a more expensive and/or worse product/service than what existed before.

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Breaking laws, stripping their lower echelons of their dignity, burning investor money and - if given the chance - destroying the planet.

And when has that actually worked in the last decade to create a sustainable profitable business? I can think of one - AirBnb.

What existing market did Airbnb destroy?

I’m ignoring even “existing market destroying” and just looking for tech companies that are even consistently profitable that went public in the last decade.

Housing markets in many cities globally.

MindGeek (owner of Pornhub, Brazzers et al)

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