I'm not from this part of the world, but what I've found is that if you can juice your growth numbers for the public markets or raise more investor money on the

I'm not from this part of the world, but what I've found is that if you can juice your growth numbers for the public markets or raise more investor money on the notion that you'll blitzkrieg the market, LTV matters less and less for public markets. Even SalesForce and Amazon sort of go by this model. They make no profits. I'm not sure if I agree with this whole thing, esp. given the coliseum of a city they're building while being not-profitable, but I do understand some of the context of why the companies are valued so high.