Really appreciate the simple and clear-eyed breakdown of the assumptions you need to make to hit a 10x on a business like Earnesta. Highlights how considering a few simple variables can quickly shape your thinking around “what do I have to believe?”
I guess you have leases for WeWork that are effectively recurring and I did mention Pelotons subscription portion of their revenue. But it’s not the quality of revenue that SaaS companies typically generate from their subscriptions
Really appreciate the simple and clear-eyed breakdown of the assumptions you need to make to hit a 10x on a business like Earnesta. Highlights how considering a few simple variables can quickly shape your thinking around “what do I have to believe?”
Really good take, Kyle.
VCs are allocating money in founders, that are allocators themselfes.
Can you help me understand why "neither business really generates true ARR"?
I guess you have leases for WeWork that are effectively recurring and I did mention Pelotons subscription portion of their revenue. But it’s not the quality of revenue that SaaS companies typically generate from their subscriptions