Public Software Multiples

topic on 1 show · 1 statements across 1 episodes

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20VC Assertion Open

Fitzpatrick: Public software multiples fell from 20x to 10x over two years

“In the last two years, you've seen public software multiples go from 20 X to 10 X, partly because of growth changes, and partly because they've tried, as they move profitable, their growth slows materially”

Matt Fitzpatrick Dec 31, 2025 ▶ 1:21:18 Matt Fitzpatrick: Who Wins the Data Labelling Race & Why Al Needs Forward-Deployed Engineers · 20VC with Harry Stebbings

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Public Software Multiples

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Turn any episode into a week of clips.