At the end of the day it's all hand-wavy bullshit. You don't actually know either of those numbers with exactness if you're in the company, let alone if you onl

At the end of the day it's all hand-wavy bullshit. You don't actually know either of those numbers with exactness if you're in the company, let alone if you only guess by looking at it from the outside. What this type of analysis turns into is, "I like this company, so I think their LTV would be very high."