4min chapter

My First Million cover image

Greatest Hits #1 - Turning it Around: From Failure to a $100m+ Success

My First Million

CHAPTER

We're Not Ready for an Acquisition, but We've Got a Great Opportunity.

We would spend about a dollar acquiring a customer, and we generate about two lars and 50 cents in net revenue from that customer. We have running the company on profit because of these japanese mobl gaming companies,. Spending so much money on customer acquisition, we start losing money every month. So instead of being breaky at first, lose 200 thousand dollars a month and 500 million dollars a month. That took our unit economics and turned them upside down. It's very easy for an entrepanur to lie to themselves about reality when they've got investors who always want to say the nice thing are the right thing.

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