David Rosenthal: uncertainty

Transcript context

…What was it that Sequoia saw then if people believed that unit economics were terrible? Because what we can see now is cohorts over time—we'll touch on this later—but basically, when people retain, they start spending more, make this a regular behavior, and need less incentives. I don't know. It's a good question. It's hard to tell. Certainly, we don't have that time frame in the S-1. The only time frame disclosed is the last 18–24 months.…

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