Subscription economics: cohort behavior, order frequency, involuntary churn, and the unit math that makes or breaks the model.
Two businesses with identical LTV to CAC ratios and different payback periods are not in the same business. Why payback, not the ratio, is what actually governs how fast you can grow.
Your 3:1 LTV:CAC can hide an insolvent business. The model lives or dies on cohort decay and contribution margin, not headline averages.