Depends on what quality you optimize for. The quality of the execution, the quality of cost controls, etc.
If you mean the quality of each unit of the product, then yes, you're largely right. You just need enough quality to let people buy from you, and any corner you can cut without losing sales is profit. However, often a startup needs to push the quality bar at first to be competitive with large existing incumbents in a market segment.
If you mean the quality of each unit of the product, then yes, you're largely right. You just need enough quality to let people buy from you, and any corner you can cut without losing sales is profit. However, often a startup needs to push the quality bar at first to be competitive with large existing incumbents in a market segment.