Shark Tank Season 4 week 10 breakdown
Lightspeed Venture Partners
NOVEMBER 19, 2012
The two founders are attorneys in Mobile, Alabama, who found themselves wearing the same ties over and over again, and wanted to find a way to expand their wardrobe. With a 15% churn rate, that suggests about $7 in lifetime value. This business can’t work. Adding these up gives $15/mth.
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