Great question! No major rewrite of the core tech stack is likely required in the near term. But parts of the platform will need stronger enterprise-grade capabilities over time.
Incredibly thorough breakdown of Toast's unit economics. The insight about recovering CAC quickly while maintaining 90% retention is the real story here. I've analised platform businesses before and the tension between hardware subsidies and recurring revenue is usualy underestimated. One challenge tho: as they push into enterprise, the customization demands could erode their standardized margin trajectory faster than the model assumes.
Love this breakdown! I'm wondering if their expansion into enterprise means a shift in their core tech stack will be needed soon?
Great question! No major rewrite of the core tech stack is likely required in the near term. But parts of the platform will need stronger enterprise-grade capabilities over time.
Incredibly thorough breakdown of Toast's unit economics. The insight about recovering CAC quickly while maintaining 90% retention is the real story here. I've analised platform businesses before and the tension between hardware subsidies and recurring revenue is usualy underestimated. One challenge tho: as they push into enterprise, the customization demands could erode their standardized margin trajectory faster than the model assumes.