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We have a big problem.
The venture model doesn’t work with the current public market revenue multiples.
Datadog ⬇️ 21%
Figma ⬇️ 20%
Wix ⬇️ 38%
Braze is 2.5x ARR
Atlassian is 4.8x ARR
Klaviyo is 4.5x ARR
Venture doesn’t work unless this changes.
Agree @infoarbitrage @bgurley @jasonlk @rodriscoll?
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