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CAC is Not the New Rent

I keep hearing this axiom that “CAC is the new rent." It's not.

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Intensity Delta

There is a common saying in investing that it is not enough to be right; you need to be contrarian *and* right. Have a consensus opinion, even if it ends up being right, supposedly means that the asset is efficiently priced and excess profits are arbitraged away. I disagree...

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BackBlaze's Customer Analytics

BackBlaze, a cloud storage company for individuals and enterprises that has 480k customers and generated $53.8M in revenue last year, recently filed its S-1 to go public. A deep dive into its customer analytics.

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