How to Think of R&D Spend
Andreessen Horowitz
DECEMBER 4, 2023
In board meetings, we scrutinize the efficiency of sales and marketing (S&M) spend, costs of goods sold (COGS), and general and administrative costs (G&A). In typical market conditions, new customers may be clamoring for new features. Imagine if, in 2007, Netflix decided to follow the 70–20–10 rule.
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