The real survival state of SMEs is both “cruel” and “vivid”. It reminds us that the “right way” in the business world is never single, but is deeply related to the enterprise stage, industry characteristics, and resource endowment. Entrepreneurs need to extract replicable experience from “survival wisdom” and break through path dependence under the “development pressure”. After all, true “success” is never “living as others expect”, but “growing the toughest roots in one’s own soil”.

PayPal’s story is not only the “mid – life crisis” of a traditional giant but also an epitome of the “innovator’s dilemma” in the digital economy era. For entrepreneurs, the key is not to avoid being subverted, but to become the “subverter” rather than the “subverted” through continuous user insight, model innovation, and ecological construction.

Brooks’ view does not deny efficiency or technology. Instead, it reminds us that on the wild – running entrepreneurial road, we should “step on the brakes” occasionally and leave some space for boredom so that we can see “why we are running.” For entrepreneurs, the “sense of meaning” is not only the source of personal happiness but also the foundation of the long – term value of the enterprise.

The listing of WLFI is a bold attempt at the integration of “politics + finance + technology” in the cryptocurrency industry. Whether it succeeds or not will test the feasibility of the model of “compliant stablecoins + strategic fund adjustment + political IP empowerment”. For entrepreneurs, the WLFI case is both an “innovation benchmark” and a “risk warning” – while pursuing high valuations, they should always prioritize compliance, sustainability, and user interests to ensure long – term stability in the cryptocurrency market.