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How I Reverse Engineered A $100 Million Exit - Jason Lemkin
My First Million
Navigating Subscriber Churn, Conference Business Realities, and Financial Pressures of Large Events
To address the subscriber churn, businesses need double digit growth per month. It necessitates significant growth to overcome churn at scale. The conference business requires substantial investments, such as $10 million just to cover costs before making any profit. Despite the challenges, some individuals still find passion in industries like conferences and media, despite being notably harder. Understanding the nature of the business, the financial pressures of large events, and the constant battle to turn a profit are crucial aspects to navigate in these industries.
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