Multiples
topic on 6 shows · 7 statements across 6 episodes · said 26 times in 4 episodes since 2019
20VC 26 
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20VC 26
2019 26 mentions in 4 episodes 7 per episode
- 20VC: Zoom From Series A to IPO, How VCs Can Provide CEOs with Additional Leverage and Why The Negative Effects of Signalling Are Very Real with Santi Subotovsky, General Partner @ Emergence Capital
- 20VC: IA Ventures' Jesse Beyroutey on Game Theory and How It Impacts Investor Mindset, How To Avoid "The Pressure To Deploy" Today In Venture & Why Ownership Is The Single Most Important Parameter When Investing
- 20VC: Sequoia's Pat Grady on What Sequoia Is Focused On Today, How Sequoia Think About Investment Decision-Making Processes & Why It Is Important To Trade A Few Points of Efficiency for Culture When It Comes To Attribution
- 20VC: Bessemer's Byron Deeter On Lessons From Investing in 14 $Bn Companies, What The Heck Is Going On In Cloud Today and Why Cloud IPO Floodgates Are About To Burst Open
- every mention in 2019, scene by scene →
every mention on every show, scene by scene, with the transcript →
7 statements about Multiples, every show
Dorsey: Dorsey Asset Management Uses Valuation Multiples Backed by DCFs
“Today, we
Tend to use multiples as our primary touchstone and do a three-stage DCF as a backup to see where there are differences.”
Rangwalla: Stock Multiples Remain Consistent Because Earnings Growth Outpaces Prices
“The multiples for the market actually haven't gone up that much. The multiples for the market are actually staying kind of consistent because the growth is so high. And so the market is up, you know, whatever, seven, eight percent this year, but earnings growt…”
Choe: Simple valuation multiple heuristics fail in private equity
“The problem with that type of simple heuristic, where you go for certain multiples, is that especially given the dynamic evolution of the private equity industry over this last couple decade period, It's often the case that it's not dynamic or nuanced enough a…”
Lemkin: SaaS market will not ease until multiples reflate to 8x ARR
“I think it won't get easier for us until this is about eight X until we see 20 to 30% reflation in multiples.”
Gerstner: Public Software Trades at 6.1x Revenue, Below 10-Year Average
“You can see that in the blue line is it's trading at about 6.1 times. The tenure average is 6.9 times. Rates have obviously moved up a lot off the bottom, but you know, this is a long winded way of saying that software is not really participating in this run u…”
Donovan: Rule of 40 explains 21% of SaaS multiple variation post-Q2 2022
“Now, 21% of the variation in multiple is explained by variation in rule of 40, but you can do better.”