
ANGEL: Upfront’s Mark Suster on the power of alignment, setting reality, and raising capital | E1683
This Week in Startups
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Are Late Stage Capital Markets Going to Double or Triple?
Markets are valued up, but that's also bigger than what the markets pay. Somewhere between 6 and 9 times NTM is where it's going to settle out. David Sacks said publicly if your last round you raised that 100 times NTM next 12 month revenue, you've got to grow by 7x. You've got to be seven times bigger than you are today to raise at 15 times NTM. We have to take many risks over long periods of time on many different companies.
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