[neodypsis]

What kind of software would that be that yields 20M / year per customer?

[SgtBastard]

Not the commenter you’re replying to, but you maybe be mixing figures.

I read $100m and $1B as enterprise value, not ARR.

While the long term ARR multiple to EV is ~5.5x for SaaS, I could see niches where that approaches 10x.

So 5 customers, being billed 2m / year each at a 10x multiple, gives you a $100m valuation.

[lettergram]

+1

[Rastonbury]

Sounds like Snowflake or perhaps Palantir