Guess what? You can actually see in an S-1 what it costs.
S&M = $233,191 for 2019
More than half their revenue is spent acquiring new customers...which, with a high likelihood, will net revenue over a N+1 year timeframe. This is an investors wet dream... I pay $1 now and I only need $.15 to operate that $1 every year for the next 7 years...that's a helluva return.
In other words...you can turn off the S&M tap and these companies could be profitable almost overnight.
S&M = $233,191 for 2019
More than half their revenue is spent acquiring new customers...which, with a high likelihood, will net revenue over a N+1 year timeframe. This is an investors wet dream... I pay $1 now and I only need $.15 to operate that $1 every year for the next 7 years...that's a helluva return.
In other words...you can turn off the S&M tap and these companies could be profitable almost overnight.