This is an important debate - especially in the times when entrepreneurs are confused whether to invest in growth or profitability. The startup ecosystem has seen a large number of investments going down the drain and at the same time, investors pumping in crazy amount of money in selected startups (with no clear profitability model)
From Mark Suster's blogpost:
"Venture capital isn’t right for many business but if you do want to raise from a VC at some point you need to understand that often investors care more about growth than profits. They don’t want high burn rates but they will never fund slow growth." (link)
That is, if you are VC funded - you can afford to go slow on profitability and instead focus on growth - which is a fair point.
But I think the point that Mark Suster is missing (rather, taken for granted) is the relative growth of the market. You can continue to fake the company growth in a market which isn't growing (e.g. Indian app-based foodtech market) vs. continue to grow (at your terms and conditions/defined pace) in a market which is growing steadily or even rapidly (for e.g. online food delivery).