The best roll-ups paired fragmented markets with negative churn, high gross margins, and capital efficiency, letting scale create substantial value.
The best roll-ups paired fragmented markets with negative churn, high gross margins, and capital efficiency, letting scale create substantial value.
![A.J. Rohde: Living in the (Software) Limelight [Joys of Compounding, Ep. 38]](https://megaphone.imgix.net/podcasts/d019faba-8f42-11f1-8fb8-6f742e950ea8/image/1907bd35d725b8d1a731e8ca893d33a2.png?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress)
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