They don't have a scalable business model when measured annually, that is clear. But enterprise customer LTV accrues over years, not months. It might take $5 to

They don't have a scalable business model when measured annually, that is clear. But enterprise customer LTV accrues over years, not months. It might take $5 to generate $1 of income this year, but then only take $0.25 to maintain that $1 of income for the next 10 years. I don't know for sure, but I'd say there are probably enough smart people who understand the dynamics of enterprise software involved with Box for this to make sense.