The Outdoor Voices news is bonkers $40M in rev Losing $2M/mth?? Id love to see the pro-forma for the last round and where they missed. Overestimated LTV? Assumed CAC holding over time? Expected distribution that never came? What on earth were they spending so much money on?
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Thanks missed the staggering 36 million dollar loss on 40 million in sales. So bad it’s impressive!
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