Absolute Unit
"Age of Miracles"
00:00
Introduction
This is a combination sponsor deep dive and investment memo. Last year i was discussing a consumer fintek company with burn hobart, the author of the diff who's ways smarter than i am on finte es. He made an observation that's obvious and hi indsight, but that was particularly succinctly put by him. Businesses spend a certain amount of money to acquire each customer; they hope to make many multiples of that money back over time. But starkly, spending one dollar to acquire a customers who pays a hundred dollars over is better than spending a hundred dollars to acquire a customer who pays you one dollar over time.
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