Clouded Judgement 9.29.23 - Rates Keep Going Up
Clouded Judgement
SEPTEMBER 29, 2023
The disconnect in rates and multiples is even more stark when we look at growth adjusted multiples (taking revenue multiples and dividing them by forward growth rates). Revenue multiples are a shorthand valuation framework. The promise of SaaS is that growth in the early years leads to profits in the mature years.
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