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I agree on the S&M expenses. What's scarier is that this is a very competitive fairly undifferentiated market, which means you can't live without salespeople. W
by not_that_noob 13y ago
I agree on the S&M expenses. What's scarier is that this is a very competitive fairly undifferentiated market, which means you can't live without salespeople. Which means they're going to hit the wall at some point, because as it stands right now, they are spending about $1.40 in sales ALONE to bring in $1 of revenue. Now that's scary.
- aswanson 13y agoYeah, that 1.40 to 1.00 ratio is eerily similar to the points dhh made on this interview about another infamous tech ipo :http://www.youtube.com/watch?v=jzERXJgi5vQ http://www.youtube.com/watch?v=jzERXJgi5vQ