The Ledger

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Insight
Spiegel: College admissions software is brutal due to 100% annual churn
“Ultimately we were solving a problem where even if we were really successful, our customers would essentially leave us every year. So we'd have to go get more customers the next year, and so it was just a really, really tough business, I think, to get off the …”
Evan Spiegel Apr 21, 2025 ▶ 9:14 Snap: Evan Spiegel
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