This is a trope in Silicon Valley, but it's simply not true. Most companies in a developed economy aim for a stable state, i.e. close to zero real growth with payments made to investors via sole proprietorship pay-outs, dividends and/or debt.

Now a growth company is worth more than a stable-state one, ceteris paribus, so there are incentives to promise it. If your promise growth and fail to grow, you are failing. That doesn't mean the company is failing. It's just mismanaged and likely misrepresented by its capital structure.