Jan 21, 2023Liked by Kyle Harrison

Very thoughtful writing. Great article! I too love that Mike Tyson quote hehe.

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Great post.

However, I would be a buyer of that IPO in the $2b scenario.


The math (EV of $2,093m, $419m ARR = 5.0x at 50% growth) shows an EV/Rev/Growth of 0.10x.

Sector median EV/R/G is 0.27x today (per Meritech comps table). So a 63% discount. Good risk reward for the IPO buyers.

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ownership targets matter again!

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