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2min chapter
Comparing the Dotcom Crash to Today (with Tom Cowan from TDM)
ACQ2 by Acquired
The Power of Compounding
We wrote a memo in February about why we thought valuations were crazy. We looked at the Best More Index and took the median company, which had $500 million of revenue. It was trading about 15 times revenue at the time. The power of compounding really plays out when you take revenue from $500 million to $7.5 billion.
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