AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How Much Does the Last 12 Months Value Multiples Play Into the Deals That You're Making?
I think what we see right now is a reversion to the mean, as I think about it. What was the best place you could invest into when countless capital is low at such high growth? So the highest growth that's possible in the investable universe, well, turns out that's tech. Where is it in software? And you kind of kind of see how that plays out. It doesn't change the reality that you still have to build a great business.