| 20× | “20 times” | The Dyson bladeless fan multiplies original airflow 15 to 20 times | Sir James Dyson |  HOW I BUILT THIS | Jul 22, 2019 | Supported |
| 20× | “20 times” | Johnson: BET is not worth a 20x multiple today | Robert "Bob" Johnson | HOW I BUILT THIS | Dec 14, 2017 | — |
| 20× | “20 times” | Bhargava: Founders must avoid MBA-speak and rely on common sense | Manoj Bhargava | HOW I BUILT THIS | Mar 13, 2017 | — |
| 20× | “20 X” | Spiegel: Lawmatics buyout at 20x ARR requires 40% equity rollover | Matt Spiegel |  TOP FOUNDERS | Feb 4, 2026 | — |
| 20× | “20 times” | Sam Jacobs: Valuation Premium of Growth over Free Cash Flow Fell to 3-to-1 | Sam Jacobs | TOP FOUNDERS | Aug 6, 2024 | Partly supported |
| 20× | “20 times” | Bundling shared account managers let iContact increase monthly pricing 20x | Ryan Allis | TOP FOUNDERS | Apr 18, 2024 | — |
| 20× | “20 X” | Dayton: Private equity buys SaaS at 13x EBITDA to sell at 20x | Adrian Dayton | TOP FOUNDERS | Dec 1, 2022 | — |
| 20× | “20 times” | Writing a press release first forces discipline and product clarity | Ben Gabler | TOP FOUNDERS | Nov 21, 2022 | — |
| 20× | “20 times” | Forzley: High-growth fintechs trade at 20x to 30x revenue multiples | Marwan Forzley | TOP FOUNDERS | Oct 19, 2021 | — |
| 20× | “20 times” | vFairs fielded acquisition offers at 10x to 20x revenue multiples | Muhammad Younas | TOP FOUNDERS | Aug 2, 2021 | — |
| 20× | “20 times” | FunctionFox investors have returned 20x their initial money via dividends | Karina Ludwig | TOP FOUNDERS | May 2, 2021 | — |
| 20× | “20 X” | Volset: Brokered sales anchor strategic acquirers to lower private equity multiples | Einar Volset | TOP FOUNDERS | Jun 10, 2020 | — |
| 20× | “20 X” | Boufarhat: Online events have 10x stronger viral acquisition funnels than Eventbrite | Johnny Boufarhat | TOP FOUNDERS | May 17, 2020 | — |
| 20× | “20 X” | Savage: Wistia's tender offer provided roughly a 20x return to angel investors | Chris Savage | TOP FOUNDERS | May 16, 2020 | Supported |
| 20× | “20 times” | Organ: Engineering investments normally require a 20x return within two years | Mark Organ | TOP FOUNDERS | Apr 6, 2020 | — |
| 20× | “20 X” | Braze expands initial single-channel contracts by 10x to 20x over time | Bill Magnuson | TOP FOUNDERS | Mar 4, 2020 | — |
| 20× | “20 times” | Glidden: Introhive's valuation tends to be around 20x forward ARR | Jody Glidden | TOP FOUNDERS | Jul 20, 2019 | — |
| 20× | “20 times” | Vandenberg: Fast-growing SaaS companies raise at 20x run rate | Nicolas Vandenberghe | TOP FOUNDERS | Jun 16, 2019 | — |
| 20× | “20 times” | Agarwal: Cvent didn't receive a 20x revenue buyout offer before IPO | Reggie Agarwal | TOP FOUNDERS | Feb 6, 2019 | — |
| 20× | “20 times” | Latka charges sponsors 20x standard podcast CPMs due to high conversion | Nathan Latka | TOP FOUNDERS | Jun 18, 2018 | — |
| 20× | “20 X” | Savage: Targeting one-month payback forces 10x to 20x marketing returns | Chris Savage | TOP FOUNDERS | Nov 19, 2017 | — |
| 20× | “20 times” | Sweeney: Medical tech companies typically exit at 15 to 20x EBITDA | Jim Sweeney | TOP FOUNDERS | Apr 26, 2017 | — |
| 20× | “20 times” | Board members must generate 10x to 20x their pay in value | Dinesh Kandanchatha | TOP FOUNDERS | Dec 24, 2016 | — |
| 20× | “20 X” | Supplement industry price-to-COGS multiplier is 10x to 20x, says Matt Gallant | Matt Gallant | TOP FOUNDERS | Jan 23, 2016 | — |
| 20× | “20 X” | Fitzpatrick: Public software multiples fell from 20x to 10x over two years | Matt Fitzpatrick |  20VC | Dec 31, 2025 | Open |
| 20× | “20 X” | Lemkin: Combining Legacy SaaS With AI Startups Fails to Yield 15x Valuations | Jason Lemkin | 20VC | Dec 4, 2025 | Supported |
| 20× | “20 X” | Lemkin: Anthropic will go public at a $500 billion valuation | Jason Lemkin | 20VC | Dec 11, 2025 | Open |
| 20× | “20 X” | O'Driscoll: VC Funds Must Choose Between Max Multiple or High Ownership | Rory O'Driscoll | 20VC | Nov 13, 2025 | — |
| 20× | “20 X” | Randle: Benchmark's top fund investments outperform all post-ChatGPT OpenAI rounds | Everett Randle | 20VC | Nov 10, 2025 | Supported |
| 20× | “20 X” | O'Driscoll: Late-stage VC funds cannot return a fund from a single deal | Rory O'Driscoll | 20VC | Nov 6, 2025 | — |
| 20× | “20 X” | Lemkin: Harvey's valuation implies $400M in forward annual recurring revenue | Jason Lemkin | 20VC | Nov 6, 2025 | — |
| 20× | “20 times” | Lemkin: Top public B2B SaaS companies trade at 20x ARR on 30% growth | Jason Lemkin | 20VC | Oct 2, 2025 | Partly supported |
| 20× | “20 times” | Taneja: Anthropic raised at ~20x ARR versus 50-100x for AI peers | Hemant Taneja | 20VC | Sep 22, 2025 | Supported |
| 20× | “20 X” | Carnegie Mellon Backed a China Fund Returning Over 20x Net | Miles Dieffenbach | 20VC | Aug 4, 2025 | Not publicly verifiable |
| 20× | “20 X” | Lemkin: Unprofitable high-multiple public companies must aggressively buy assets with stock | Jason Lemkin | 20VC | Jul 10, 2025 | — |
| 20× | “20 X” | Lemkin: 10x IPO oversubscription is not enough for a strong stock pop | Jason Lemkin | 20VC | Jun 12, 2025 | — |
| 20× | “20 times” | Hulme: OpenAI is a good investment at a $12 billion run rate | Tom Hulme | 20VC | Apr 10, 2025 | — |
| 20× | “20 times” | Green: Lead Edge invested in Toast at 20x revenue, $500M valuation | Mitchell Green | 20VC | Mar 26, 2025 | — |
| 20× | “20 times” | Lazarte: Early Brazilian VC deals included predatory 20x liquidation preferences | Victor Lazarte | 20VC | Apr 14, 2025 | — |
| 20× | “20 times” | Saper: Private equity typically pays 3x to 5x ARR for acquisitions | Jake Saper | 20VC | Mar 10, 2025 | Supported |
| 20× | “20 times” | Ross: Google spent 10x to 20x more on AI inference than training | Jonathan Ross | 20VC | Jan 29, 2025 | — |
| 20× | “20 X” | Maples: 10x seed funds require 5% 100x hits and 15% 20x hits | Mike Maples | 20VC | Jan 6, 2025 | — |
| 20× | “20 X” | Hamid: LLM token prices will fall another 10x-20x within two years | Mamoon Hamid | 20VC | Oct 21, 2024 | Open |
| 20× | “20 X” | Frankel: Public SaaS multiples dropped from 20x in 2021 to 5-6x | David Frankel | 20VC | Oct 14, 2024 | Supported |
| 20× | “20 x” | Vishria: Replacing Developer Labor With AI Creates 20x More Economic Value | Eric Vishria | 20VC | Sep 25, 2024 | — |
| 20× | “20 times” | Motamedi: 100x-200x AI multiples make no sense without unprecedented growth persistence | Saam Motamedi | 20VC | Jul 15, 2024 | — |
| 20× | “20 X” | Klaviyo Seed Round Was Raised at a 20x ARR Valuation | Andrew Bialecki | 20VC | Jun 26, 2024 | Supported |
| 20× | “20 times” | Lemkin: I have become a worse CEO over time due to impatience | Jason Lemkin | 20VC | Jun 3, 2024 | — |
| 20× | “20 times” | Kevin Ryan: Psychedelic industry will be 20x larger in 10 years | Kevin Ryan | 20VC | Apr 10, 2024 | Open |
| 20× | “20 times” | Quattrone: M&A Freezes After Market Crashes Due to Valuation Misalignment | Frank Quattrone | 20VC | Mar 1, 2024 | — |
| 20× | “20 times” | Quattrone: Private equity will not match strategic buyers' 20-40x revenue multiples | Frank Quattrone | 20VC | Mar 1, 2024 | Supported |
| 20× | “20 x” | Cohen: BBC receives 10x to 20x more young applicants than open roles | Danny Cohen | 20VC | Nov 8, 2023 | — |
| 20× | “20 times” | Adamic: B2B Buyer Conversion Now Requires 16 to 20 Touchpoints | Doug Adamic | 20VC | Sep 8, 2023 | — |
| 20× | “20 X” | Rotman: QED's 100x+ wins de-risked their business models on minimal capital | Frank Rotman | 20VC | Aug 11, 2023 | — |
| 20× | “20 X” | Nyatta: Bicycle Capital Targets 2x-4x Returns Rather Than 10x-20x | Shu Nyatta | 20VC | Jul 31, 2023 | — |
| 20× | “20 X” | Emberikos: OpenAI Codex grew 20x since August and doubled since December | Alexander Emberikos | 20VC | Feb 21, 2026 | Supported |
| 20× | “20 times” | Zinman: LPs will eventually stop pouring money into private tech startups | Eran Zinman | 20VC | Mar 2, 2026 | — |
| 20× | “20 times” | O'Driscoll: Software valuations averaged 6x revenue historically versus 20x during COVID | Rory O'Driscoll | 20VC | Mar 5, 2026 | Supported |
| 20× | “20 times” | Escobari: Three warning signals that mark the end of a bull market | Martin Escobari | 20VC | Nov 11, 2022 | — |
| 20× | “20 times” | Escobari: Paying 20x ARR on two weeks' notice is irresponsible LP management | Martin Escobari | 20VC | Nov 11, 2022 | — |
| 20× | “20 times” | Private growth deals hit 300x ARR while public markets peaked at 20x | Logan Bartlett | 20VC | Aug 30, 2022 | Supported |
| 20× | “20 times” | Senkut: Shopify and Canva grew 10 to 20 times larger than expected | Aydin Senkut | 20VC | May 27, 2022 | — |
| 20× | “20 times” | O'Driscoll: Bending Spoons' $20B IPO valuation lacks organic growth justification | Rory O'Driscoll | 20VC | Jun 11, 2026 | — |
| 20× | “20 times” | Sierra engineers report 3x to 20x productivity boost from AI agents | Clay Bavor | 20VC | Jul 4, 2026 | — |
| 20× | “20 times” | O'Driscoll: Software valuations will never reach 20x revenue multiples again | Rory O'Driscoll | 20VC | May 14, 2026 | Didn’t hold up |
| 20× | “20 X” | Chiu: Top VCs hold winning investments past 50X for 1,000X potential | Alan Chiu | 20VC | Jun 18, 2015 | — |
| 20× | “20 times” | Series B pitching requires data and KPI impact over pure vision | Carl Waldekranz | 20VC | Aug 28, 2015 | — |
| 20× | “20 X” | McClure's angel portfolio returned 3x without any unicorn exits | Dave McClure | 20VC | Aug 15, 2016 | — |
| 20× | “20 X” | Venture math should focus on probability distributions, not ownership percentages | Dave McClure | 20VC | Aug 15, 2016 | — |
| 20× | “20 X” | Series B rounds are difficult because venture capitalists pay premium valuations | Nav Athwal | 20VC | Oct 21, 2016 | — |
| 20× | “20 X” | Matt Straz: Hire executives with a 4-to-5 year runway for 10x growth | Matt Straz | 20VC | Dec 15, 2017 | — |
| 20× | “20 X” | Gil: Founders underestimate the upside of selling early to breakout acquirers | Elad Gil | 20VC | Jul 17, 2018 | — |
| 20× | “20 X” | Elad Gil: Twitter's Valuation Grew Over 10x Following Its Acquisition of MixerLabs | Elad Gil | 20VC | Jul 17, 2018 | — |
| 20× | “20 times” | Early-stage tech founders do not know how to conduct pipeline reviews | Ron Bouganim | 20VC | Oct 29, 2018 | — |
| 20× | “20 X” | Smith: Bain expects Lime to generate a 15x to 20x return | Sarah Smith | 20VC | Apr 29, 2019 | Partly held up |
| 20× | “20 times” | Feld: 20x forward revenue B2B SaaS valuations will normalize | Brad Feld | 20VC | Sep 30, 2019 | Held up |
| 20× | “20 X” | Correlation Ventures study: Only 4% of startup investments return 10X+ | Sumit Gajri | 20VC | Jan 17, 2020 | Supported |
| 20× | “twenty-x” | Kunst: Flat growth during a sector tailwind signals poor startup execution | Sarah Kunst | 20VC | May 15, 2020 | — |
| 20× | “20 times” | David Sacks: Hot SaaS Startup Valuations Dropped From 20x to 10x ARR | David Sacks | 20VC | Jun 15, 2020 | Partly supported |
| 20× | “20 times” | Harry Stebbings Is Executing a Startup Investment at 10x ARR | Harry Stebbings | 20VC | Jun 15, 2020 | — |
| 20× | “20 times” | Boufarhat: Corporate events will stay online post-COVID while mega-conferences return in-person | Johnny Boufarhat | 20VC | Dec 10, 2020 | — |
| 20× | “20 X” | Wallace: Proptech sector will grow 10x to 20x from current levels | Brendan Wallace | 20VC | Feb 18, 2021 | — |
| 20× | “twenty-x” | Cloud Valuations Over 20x Revenue and Snowflake at 80x Are Unsustainable | Byron Deeter | 20VC | May 27, 2021 | Supported |
| 20× | “20 X” | Gurley: 2021 Startup Burn Rates and Capital Raised Are 10-20x 1999 Levels | Bill Gurley | 20VC | Dec 6, 2021 | Partly supported |
| 20× | “20 times” | In 2018, Fitbit Traded at 1x Revenue While Peloton Traded at 20x | Will Ahmed | 20VC | Jan 5, 2022 | Partly supported |
| 20× | “20 times” | Fredrikson: Formal software verification takes 10 to 20 times longer than Python | Matt Fredrikson |  LATENT SPACE | Jun 22, 2026 | — |
| 20× | “20 times” | Levie: AI slop in legal contracts creates risks code slop never introduced | Aaron Levie | LATENT SPACE | Mar 5, 2026 | — |
| 20× | “20 x” | Dean: AI systems will achieve 20x to 50x lower latency | Jeff Dean | LATENT SPACE | Feb 12, 2026 | Open |
| 20× | “20 times” | Agarwal: Sequoia met 20 AI SRE startups before backing Traversal | Anish Agarwal | LATENT SPACE | Oct 5, 2025 | — |
| 20× | “20 times” | Feldman: Cerebras is 20 times faster than Nvidia B200 GPUs | Andrew Feldman | LATENT SPACE | Oct 1, 2025 | Contradicted |
| 20× | “20 times” | Kurian: Google Cloud reduced AI inference costs 20x in 2024 | Thomas Kurian |  BIG TECHNOLOGY | Apr 9, 2025 | Supported |
| 20× | “20 times” | Parker: Semiconductor stocks will outperform when the market recovers | Adam Parker | BIG TECHNOLOGY | Apr 8, 2025 | Held up |
| 20× | “20 times” | Batnick: Nvidia has earned a valuation premium above market multiple | Michael Batnick | BIG TECHNOLOGY | Jun 26, 2024 | — |
| 20× | “20 x” | Fernandez: Climate tech scaling requires sequential 5-20x demonstration and FOAK steps | Mario Fernandez |  CATALYST | Jan 16, 2025 | — |
| 20× | “20 times” | Horne: Fervo's 90MW Utah EGS project is 20x larger than predecessors | Dr. Roland Horne | CATALYST | Jun 27, 2024 | Supported |
| 20× | “20 times” | Yeagerson: Aggregated EV fleets will become highly dispatchable grid capacity resources | Ty Yeagerson | CATALYST | Aug 31, 2023 | — |
| 20× | “20 times” | Tan: Write markdown teaching LLMs to code rather than calling LLMs | Garry Tan |  Y COMBINATOR | Jun 25, 2026 | — |
| 20× | “20 times” | Fagiri: An AptDeco competitor raised 20x more funding before folding | Reham Fagiri | Y COMBINATOR | Oct 11, 2016 | Supported |
| 20× | “20 times” | Rare builds trap nuclear engineers in narrow career development bands | Mike Laufer |  GREEN BLUEPRINT | Sep 24, 2025 | — |
| 20× | “20 times” | Graphitic Energy's graphite byproduct is worth 20x its thermal BTU value | Zach Jones | GREEN BLUEPRINT | Aug 13, 2025 | — |
| 20× | “20 x” | Fernandez: Hardware de-risking requires stepping from pilot to 5-20x demo to FOAK | Mario Fernandez | GREEN BLUEPRINT | Jun 4, 2025 | — |
| 20× | “20 times” | CP2 LNG export facility emissions would be 20 times the Willow project | Bill McKibben | GREEN BLUEPRINT | Dec 18, 2023 | Supported |
| 20× | “twenty-x” | Hetty Green Multiplied Her Inheritance 20x After Taking Control in Her Thirties | Shane Parrish |  KNOWLEDGE PROJECT | Oct 7, 2025 | Supported |
| 20× | “20 x” | Instalily's AI agents amplify commercial service technicians by 20x to 50x | Amit Shah |  PRODUCT MARKET FIT | Nov 20, 2025 | — |
| 20× | “20 X” | Rob Dyrdek grew his net worth to $350 million in seven years | Alex Lieberman |  FOUNDER'S JOURNAL | Jun 21, 2023 | — |
| 20× | “20 X” | Andrew Huberman podcast ads scaled Momentous Protein to $30 million annually | Alex Lieberman | FOUNDER'S JOURNAL | Jun 21, 2023 | — |
| 20× | “20 times” | Gazdecki: Software businesses cannot be passed down as generational family assets | Andrew Gazdecki |  ACQUISITION STORIES | Nov 14, 2023 | — |
| 20× | “20 times” | Keeley: Verne gave up convincing founders expecting 10x to 20x ARR multiples | Colin Keeley | ACQUISITION STORIES | Sep 13, 2022 | — |
| 20× | “20 X” | Gazdecki: Public SaaS valuation multiples dropped from 20x to 8x ARR | Andrew Gazdecki | ACQUISITION STORIES | May 23, 2022 | Supported |
| 20× | “20 times” | Rolf: Enterprise buyers will not switch suppliers for only 20% improvement | David Rolf |  INNOVATORS & INVESTORS | Nov 18, 2025 | — |
| 20× | “20 times” | Chilibeck: Bahia AI increased pricing 20x within six months | Danica Chilibeck | INNOVATORS & INVESTORS | May 6, 2025 | — |
| 20× | “20 times” | Cooper: Latimer Ventures Avoids Chasing Deals at 20x Forward Revenue | Luke Cooper | INNOVATORS & INVESTORS | Feb 4, 2025 | — |
| 20× | “20 X” | Fang: DoorDash internal AI spend jumped 20x from January to June | Andy Fang |  NO PRIORS | Jul 23, 2026 | — |
| 20× | “20 X” | Feldman: Cerebras is 15 to 20 times faster than GPUs at inference | Andrew Feldman | NO PRIORS | May 21, 2026 | Partly supported |
| 20× | “20 times” | Nadler: OpenEvidence is used daily by 40% of US doctors | Daniel Nadler | NO PRIORS | Sep 5, 2025 | — |
| 20× | “20 X” | Jorgenson: Elon Musk demands order-of-magnitude targets over incremental 20% goals | Eric Jorgenson |  BIGDEAL | Jun 17, 2026 | — |
| 20× | “20 times” | Berdichevsky: Electric vehicle battery demand currently exceeds grid storage by 10-20x | Gene Berdachevsky |  AMERICAN OPTIMIST | Apr 21, 2022 | Supported |
| 20× | “20 times” | Oyerinde: US higher ed is half as institutionally efficient as the UK | Tade Oyerinde | AMERICAN OPTIMIST | Nov 23, 2023 | Partly supported |
| 20× | “20 x” | Michael: Uber beat Lyft by 20x despite Lyft launching ridesharing first | Emil Michael | AMERICAN OPTIMIST | Feb 14, 2024 | — |
| 20× | “20 X” | Wu: Devin routinely delivers 6x to 20x efficiency gains for enterprise customers | Scott Wu | AMERICAN OPTIMIST | Jun 12, 2025 | — |
| 20× | “20 X” | Ovitz: Roger Goodell Grew the NFL 20x With Zero Unprofitable Owners | Michael Ovitz |  INVEST LIKE THE BEST | Apr 8, 2025 | — |
| 20× | “20 times” | Alternative Asset Manager FRE Multiples Expanded From 10x to 30x | Alan Waxman | INVEST LIKE THE BEST | Apr 8, 2026 | Supported |
| 20× | “20 times” | Green: Lead Edge invested in Toast at 20x revenue ($500M valuation) | Mitchell Green | INVEST LIKE THE BEST | Mar 24, 2026 | — |
| 20× | “20 times” | Emanuel: WME acquired UFC at a 20x EBITDA valuation | Ari Emanuel | INVEST LIKE THE BEST | Nov 19, 2025 | Supported |
| 20× | “20 times” | Kanter: 20 years of experience is often just one year repeated 20 times | Zack Kanter |  IN DEPTH | Nov 6, 2025 | — |
| 20× | “twenty-x” | Owner charged restaurants $2,000 monthly for a website builder, 20x competitors | Adam Guild | IN DEPTH | Mar 27, 2025 | — |
| 20× | “20 X” | Blank: Initial customer discovery via Zoom is a 20x force multiplier | Steve Blank | IN DEPTH | Dec 21, 2023 | — |
| 20× | “20 X” | Ronnie Screwvala: Counter-trend businesses generate 10x to 20x enterprise value | Ronnie Screwvala |  WTF | Jun 11, 2023 | — |
| 20× | “20 x” | Screwvala: Mat staging and rule tweaks boosted Kabaddi popularity 10x to 20x | Ronnie Screwvala | WTF | Jun 11, 2023 | — |
| 20× | “20 times” | Falcon 9 launches every 2-3 days and reuses boosters 20 times | David Senra |  FOUNDERS | Mar 8, 2026 | Supported |
| 20× | “20 times” | Reusing a booster 20 times creates a steeper learning curve than manufacturing | David Senra | FOUNDERS | Mar 8, 2026 | — |
| 20× | “20 times” | Li Lu's fund capital grew 20x in 12 years after Munger partnership | David Senra | FOUNDERS | Sep 25, 2024 | — |
| 20× | “20 times” | Sloane: GSP has built platforms from $1M EBITDA 20 times | Alex Sloane |  CAPITAL ALLOCATORS | Apr 27, 2026 | — |
| 20× | “20 times” | Sullivan: One peak dot-com VC fund exited its losing investments at 3x | Tim Sullivan | CAPITAL ALLOCATORS | Jul 14, 2025 | — |
| 20× | “20 times” | Moodgal: Fundraisers Must Hold Back and Let Allocators Decide Timing | Rahul Moodgal | CAPITAL ALLOCATORS | Sep 26, 2024 | — |
| 20× | “20 times” | Duhigg: Supercommunicators ask 10 to 20 times more questions than average | Charles Duhigg | CAPITAL ALLOCATORS | Jul 1, 2024 | Supported |
| 20× | “20 times” | Thacker: Enterprise software valuation multiples have returned to 5x–7x revenue | Allison Thacker | CAPITAL ALLOCATORS | Nov 6, 2023 | Supported |
| 20× | “20 X” | Bozman: Crypto venture fund returns will drop 5x to 20x this cycle | Regan Bozman | CAPITAL ALLOCATORS | Jul 7, 2022 | Open |
| 20× | “20 X” | Veremis: Institutional crypto adoption is up 5x in clients, 20x in capital | Marcos Veremis | CAPITAL ALLOCATORS | Jun 13, 2022 | — |
| 20× | “20 X” | Venture capital differs from traditional finance by only targeting tail events | Sebastian Mallaby | CAPITAL ALLOCATORS | Apr 11, 2022 | — |
| 20× | “20 X” | Hamed: Seed deals need 30x to 50x returns, Series A needs 10x | Ali Hamed | CAPITAL ALLOCATORS | Jan 31, 2022 | — |
| 20× | “20 times” | XP Trades at 20x Earnings While Growing Earnings 30% to 35% | Florian Bartunek | CAPITAL ALLOCATORS | Jan 20, 2022 | Supported |
| 20× | “20 times” | Connaughton: Bain bought Baxter carve-out at 3x versus modern 15-20x multiples | John Connaughton | CAPITAL ALLOCATORS | Jun 28, 2021 | Supported |
| 20× | “20 times” | WashU drove strong returns buying Russian tech at 5x earnings multiples | Scott Wilson | CAPITAL ALLOCATORS | Oct 5, 2020 | — |
| 20× | “20 times” | Children's Health met a private fund manager 20 times before committing | Christy Hamilton | CAPITAL ALLOCATORS | Mar 9, 2020 | — |
| 20× | “20 times” | Graves: Raising Cane's Is Valued at Over $20 Billion on 20x EBITDA | Todd Graves |  DAVID SENRA | Nov 9, 2025 | Supported |
| 20× | “twenty-x” | Mohnot: Invest equity for 20x upside, otherwise use revenue-based financing | Sheel Mohnot |  THE PITCH | Mar 3, 2025 | — |
| 20× | “20 x” | Michael Hyatt predicts Vetd will reach $40M valuation at $1M revenue | Michael Hyatt | THE PITCH | Mar 3, 2025 | — |
| 20× | “20 times” | Spencer Shulam: WeDo achieves 30% retention, beating competitors by 20x | Spencer Shulam | THE PITCH | Mar 3, 2025 | — |
| 20× | “20 times” | Huffman: Reddit grew 20x following its 2006 sale to Condé Nast | Steve Huffman |  MIXERGY | Oct 20, 2010 | — |
| 20× | “20 x” | Dave Morin: Anthropic's funding round is roughly 20x oversubscribed | Dave Morin |  MORE OR LESS | Sep 6, 2025 | — |
| 20× | “20 x” | Feldman: Cerebras AI inference is 20x faster than competitors | Andrew Feldman |  SOURCERY | Jul 13, 2026 | Partly supported |
| 20× | “20 X” | Maslin: Vulcan Elements aims to 5x-20x factory output using software in a few years | John Maslin | SOURCERY | Aug 11, 2025 | — |
| 20× | “20 times” | Financial rails let Brex monetize 20x better than software like Expensify | Art Levy | SOURCERY | Jul 10, 2025 | — |
| 20× | “20 times” | SpaceX will launch close to 200 times this year, says Fishner-Wolfson | Justin Fishner Wolfson | SOURCERY | Jun 14, 2026 | Partly held up |
| 20× | “20 X” | Weisburd: A 25-company $10M fund yields 3x easily, but 20x rarely | David Weisburd | SOURCERY | Mar 8, 2024 | — |
| 20× | “twenty-x” | Kolicich: Crossover funds exerted a 20x leverage effect on venture cap tables | Alex Kolicich | SOURCERY | Mar 3, 2024 | — |
| 20× | “20 times” | Evans: Streaming Services Cut Content Budgets by 10% to 20% Recently | Benedict Evans |  ANOTHER PODCAST | Aug 21, 2025 | Partly supported |
| 20× | “20 X” | Gurley: Price difference between current and older AI models is 20x | Bill Gurley |  BG2 | Mar 2, 2025 | — |
| 20× | “20 x” | Gurley: OpenAI o1 model costs 20 to 30 times more per query | Bill Gurley | BG2 | Oct 13, 2024 | — |
| 20× | “20 times” | Stepp: 20x Gross Multiplier Deals Are No Longer Happening | Kimberly Stepp |  PAUL MORRIS | Sep 22, 2025 | Supported |
| 20× | “20 X” | Emerging art can quickly 20x, while blue-chip art appreciates 5-10% annually | Jimmy Basile | PAUL MORRIS | Jul 15, 2025 | — |
| 20× | “20 X” | Blond: Startups should not blindly copy ElevenLabs' 20x sales quota | Sam Blond |  SAASTR | Sep 9, 2026 | — |
| 20× | “20 times” | Friedberg: China has 20 times the US manufacturing square footage | David Friedberg |  ALL-IN | Aug 12, 2026 | Contradicted |
| 20× | “20 times” | Sacks: Starship launches will add over 20x more Starlink bandwidth | David Sacks | ALL-IN | Aug 7, 2026 | Supported |
| 19× | “19 times” | Callens: Data-driven companies are 23x more likely to acquire customers | Karel Callens | TOP FOUNDERS | Jun 28, 2023 | Partly supported |
| 19× | “19 times” | Palo Alto Networks acquired 19 companies in five years | Nikesh Arora | 20VC | May 20, 2024 | — |
| 19× | “19 times” | Robinson: Bond traders are right over equity traders 99% of the time | Adam Robinson | KNOWLEDGE PROJECT | Dec 11, 2018 | — |
| 19× | “19 x” | Friedberg: China R&D Spending Grew 19x to $670B by 2021 | David Friedberg | ALL-IN | Aug 24, 2026 | Supported |
| 18× | “18 X” | Yadhu Gopalan says Esper grew revenue 4x and devices 18x in 2021 | Yadhu Gopalan |  NEON SHOW | Mar 28, 2022 | — |
| 18× | “18 times” | Shenoy: Nykaa's 18x oversubscription reflects massive 2021 market froth | Deepak Shenoy | NEON SHOW | Nov 22, 2021 | Partly supported |
| 18× | “18 times” | Kellogg: SaaS Benchmarks Should Be Segmented by Company Aspiration | Dave Kellogg | SAASTR | Dec 13, 2023 | — |
| 18× | “18 times” | Nodelman: Aktis Oncology's IPO was 18x oversubscribed, backstopped by Eli Lilly | Oleg Noodleman | ALL-IN | Jun 12, 2026 | Supported |
| 18× | “18 times” | Feldman: Cerebras is 15 to 18 times faster than a GPU for OpenAI | Andrew Feldman | ALL-IN | Jun 6, 2026 | — |
| 18× | “18 X” | Hays: Figma IPO Generated Historic Fund Multiples for Index, Greylock, KP, Sequoia | Jordi Hays |  TBPN | Aug 2, 2025 | Supported |
| 18× | “18 X” | Eicher: Flexcavo grew revenue 18x from Q1 2021 to Q1 2022 | Benedict Eicher | TOP FOUNDERS | Apr 21, 2022 | — |
| 18× | “18 times” | Russo: 1990s software buyers paid 15-18x profit; 2x revenue was 'crazy' | Mitch Russo | TOP FOUNDERS | Feb 9, 2018 | — |
| 18× | “18 times” | Fulgham: Global gas generation grew 30–40 TWh in 2025 vs 636 TWh for solar | Nick Fulgham | CATALYST | Jun 4, 2026 | Supported |
| 18× | “18 X” | Rosen: Nomad Cloud sold for an 18x return in 11 months | Gabby Rosen | ACQUISITION STORIES | Feb 12, 2025 | — |
| 18× | “18 times” | Birla: Kumar Birla Has Lost His Temper Just 18 Times Since 1995 | Kumar Mangalam Birla | WTF | Dec 20, 2024 | — |
| 18× | “18 times” | Sandler: Stock multiples expand due to shifting marginal buyers, not personal valuations | Ricky Sandler | CAPITAL ALLOCATORS | Oct 28, 2024 | — |
| 18× | “18 times” | Schwartz: Popeyes 18x EBITDA multiple bought down to ~12x via synergies | Daniel Schwartz | CAPITAL ALLOCATORS | May 6, 2024 | Supported |
| 18× | “18 X” | Housenbold: SoftBank made roughly $12 billion in profit on DoorDash | Jeff Hausenbold | CAPITAL ALLOCATORS | Mar 29, 2021 | Partly supported |
| 18× | “18 times” | Gerstner: Google trades at the lowest P/E and growth rate among MANG peers | Brad Gerstner | BG2 | Feb 22, 2024 | Supported |
| 17× | “17 times” | Friedberg: Alphabet trades at 17x 2025 earnings, cheaper than all tech peers | David Friedberg | ALL-IN | Mar 1, 2024 | Partly supported |
| 17× | “17 times” | Executive network Evanta sold for $250M at 17x profit | Sam Parr |  MY FIRST MILLION | Oct 17, 2023 | Partly supported |
| 17× | “17 times” | Johnson: Failing to set operating frameworks early forces costly organizational teardowns | Claire Hughes Johnson |  LENNY'S PODCAST | Mar 5, 2023 | — |
| 17× | “17 times” | Poppi's Super Bowl ad tripled brand awareness by repeating 'soda' | Allison Ellsworth | HOW I BUILT THIS | Sep 22, 2025 | — |
| 17× | “17 X” | Vlachogiannis: BugSense Delivered a 17x Return to Investors Upon Acquisition | John Vlachogiannis | TOP FOUNDERS | Dec 15, 2020 | — |
| 17× | “17 times” | Bravo: Unprofitable software forward revenue multiples dropped from 17x to 3.5x | Orlando Bravo | 20VC | Feb 6, 2023 | Supported |
| 17× | “17 X” | Stebbings: Investing in every met founder would yield 17x greater success | Harry Stebbings | 20VC | May 9, 2026 | — |
| 17× | “17 times” | Schwarzman: Blackstone received 17 rejections for every yes on Fund I | Stephen Schwarzman | KNOWLEDGE PROJECT | Nov 12, 2019 | — |
| 17× | “17 x” | Gebbia: California ADU permit applications surged 17x after 2016 law | Joe Gebbia | AMERICAN OPTIMIST | Apr 12, 2023 | Supported |
| 17× | “17 times” | Breach: Public software multiples peaked above 17x forward revenue in 2021 | David Breach | CAPITAL ALLOCATORS | Jun 9, 2025 | Supported |
| 17× | “17 times” | Private credit secondaries market has grown 17x to $30B | Michael Sidgmore | CAPITAL ALLOCATORS | May 5, 2025 | Supported |
| 16× | “16 X” | Hermès' market capitalization increased 16-fold between 2010 and 2024. | David Rosenthal |  ACQUIRED | Feb 20, 2024 | Supported |
| 16× | “16 times” | Krishna: India's 2022 budget speech mentioned jobs 3 times, digital 16 times | Sridhar Krishna | NEON SHOW | Sep 13, 2024 | Partly supported |
| 16× | “16 times” | Agarwal: ShoeKonnect grew 16x in 18 months post-investment | Kitty Agarwal | NEON SHOW | Feb 18, 2020 | — |
| 16× | “16 times” | Allison: 12 of 16 historic rising-vs-ruling power rivalries ended in war | Graham Allison | ALL-IN | Sep 20, 2023 | Supported |
| 16× | “16 times” | Campbell: SaaS startups face 16x more competitors than a decade ago | Patrick Campbell | LENNY'S PODCAST | Feb 19, 2023 | Supported |
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