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All companies? Surely some companies have linear growth.


Linear growth is not really growth, in a financial sense, as growth is when the derivative (rate of change) is increasing/decreasing. Linear growth by how I interpret it, would have a derivative of zero, i.e. the rate of change is constant, or geometrically speaking, a straight line.


Financial terminology doesn't distinguish between linear and exponential. Linearly growing companies would simply be assigned very low (close to 0 / positive) CAGRs.


I agree. For example, if you spend exactly $1000 on advertising a day, and have no network effects, you will get linear user growth.




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