Heh yeah I was trying to convey the gist rather than the actual conversation. He threw a bunch of acronyms at the guy, quoted him the lean startup recipe and with a straight face, told a guy with a viable, profitable business to fold and start over.
I would like to make up an businessy acronym for BBQ.
BBQ : Business to Business Quotient (or Quantity). A measure of how much of your income comes from B2B transactions as opposed to direct to consumer transactions.
I feel the real WTF is that here this guy was making money and had actual customers, but he's being told to shut it down bc he didn't follow a formula.
Well although I'm not dismissing that the guy was talking out of his ass and giving bad advice, sometimes when you don't properly validate your concept or value proposition and the CAC really is too high, you can't reach a good BBQ and you have to look to exploit another vertical. Just that he uses 'hip' words or whatever doesn't mean he could be telling a harsh truth.
