Bondage, Goin' Biblical
To the bankers' delight, The Sauce Company is likely going to be a consumer of capital for a very long time, as it believes it can "roll up" through a long series of purchases an otherwise disparate industry ripe for a nimble player with a hot product. The broader rationale as Wu presents things is that if these many small companies had access to "scale" or volume purchase discounts from suppliers, they could get, say, onions for 20% less; similarly, if they aggregated...
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