Acquired
Costco
David Rosenthal
I love it. This is the bricks and mortar retail version of the SaaS business fallacy, which we fall prey to all the time on the show, which is if you invest in or build or around SaaS companies and SaaS company margins, you can fall into the trap of thinking, well, why would I ever want to be involved in a business that doesn't have 90% margins?
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