[alex_suzuki]

Intercom allegedly has ~400M of annual revenue, making the multiplier less than 10X. Huge customer base and established brand. Looks like a steal indeed!

[jbs789]

The world we live in… 10x revenue is a “steal”.

Lots of embedded assumptions about growth and margins to convert that revenue multiple to discounted cash flows.

[alex_suzuki]

A steal compared to other “AI-adjacent” valuations.