[Stares_at_You]

The most cursory glance at that pitch, and one fact shone out:

Cost to acquire customer: $0.55

Long term customer value: 5-7x of "cost to acquire".

Either my English comprehension is declining with age, or someone just shot themselves in the foot.

They list revenue of $2750 - 3850 for 1,000 customers.

That's ATROCIOUS. Groupon-land.

If that's the state of quality of companies, no wonder the whole market is crumbling.