The Importance of Profitability in Neo Banking

I feel like a lot of neo banks are caught up in that transition right now where they were probably planning for a very different future six months ago or even a month ago than they are today. I think we're going to see some pretty stark business decisions that probably wouldn't ordinarily make sense, but they have to be made because of that change in sort of the funding environment and this focus on profitability. That playbook was thrown out the window when you saw these monster rounds. And so I definitely missed out on some investment opportunities because in my post park street world, like my religion is based. Based around the ratio of lifetime value divided by not just cost of acquisition, but cost to acquire an