> How many investors turned down Airbnb, Uber, and DropBox? A lot.
Airbnb and Uber barely generate profit domestically and operate at a loss internationally. Every investor not betting on inflated share prices has been smart not investing in those.
Airbnb and Uber barely generate profit domestically and operate at a loss internationally. Every investor not betting on inflated share prices has been smart not investing in those.
IF: CAC < NPV(LTV)
THEN: reinvest your earnings and generate zero to negative profit.
Where:
CAC: Customer Acquisition Cost
LTV: Lifetime Value of the Customer
NPV: Net Present Value