CAC Moats and CAC Spirals
Plus! Scaling; Jobs; Logistics and Utilization; PE and Software; Ad Receivables
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Permission for Social Mobility
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Worth It For the Right Owner
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In (Partial) Defense of Discounted Cash Flow Guesswork
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The Memo and the Multiples
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The Promise and Paradox of Decentralization
Read this article →Plus! Valuation Arbitrage; Labor Liquidity; Pricing Power; Diff Jobs