Shyam

52%
Flag icon
The total net profit that you earn on average over the course of your relationship with a customer (Customer Lifetime Value, or CLV) must exceed the amount you spend on average to acquire a new customer (Customer Acquisition Cost, or CAC). In general, the higher the price of your product, the more you have to spend to make a sale—and the more it makes sense to spend it.
Zero to One: Notes on Startups, or How to Build the Future
Rate this book
Clear rating
Open Preview