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by silentsea90 1491 days ago
10M a week = ~500M a year. 10B valuation. wow. Where is that?
1 comments
beambot 1491 days ago
20x Price-to-Sales (P/S) multiple on trailing-twelve-month (TTM) revenues is actually on high-end of of sub-$20B SaaS right now -- it's just the new reality. Examples from public markets:

Cloudflare ($NET) TTM revenue is $0.73B and $16.9B marketcap (23x P/S).

DocuSign ($DOCU) TTM revenue is $2.1B with $15.5B marketcap (7.3x P/S).

UIPath ($PATH) TTM revenue is $0.9B with $9B marketcap (10x P/S).

Okta ($OKTA) TTM revenue is $1.3B with $13B marketcap (10x P/S).

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upupandup 1491 days ago
> it's just the new reality

I wonder whether they are prepared for the next reality where these multiples is no longer sustainable.

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silentsea90 1487 days ago
What basis do we have to claim that even this isn't sustainable? If anything, I expect steady state multiples to be higher
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