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Ding ding ding. It isn't even just the app companies; there were a ton of S-1 postings on HN this and last year of companies with cost of revenue a multiple of
by stefan_ 6y ago
Ding ding ding. It isn't even just the app companies; there were a ton of S-1 postings on HN this and last year of companies with cost of revenue a multiple of revenue. They were spending $3 to get $1 in revenue and claiming customer lifetime would make up for it.
- kqvamxurcagg 6y agoFor things like SaaS I don't see that as too harmful to society. However when the goal of spending more than revenue (funded by VC or PE) is to achieve a monopoly over that market by driving out competitors it sounds like a case for regulatory intervention.