sourcery
@sourceryy
ARR is a fake metric.
@mignano says some companies are "literally just taking yesterday’s subscription rate and multiplying it by 365.”
“It doesn’t say anything about the durability or quality of revenue.”
@mignano says some companies are "literally just taking yesterday’s subscription rate and multiplying it by 365.”
“It doesn’t say anything about the durability or quality of revenue.”
1:30
Scott Stevenson@scottastevenson · Apr 17It’s time to expose a huge scam in AI startups: Contracted ARR
The reason many AI startups are crushing revenue records is because they are using a dishonest metric
The biggest funds in the world are supporting this and misleading journalists for PR coverage.
The setup:
The reason many AI startups are crushing revenue records is because they are using a dishonest metric
The biggest funds in the world are supporting this and misleading journalists for PR coverage.
The setup:
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