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What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

Brad was openly writing about this and it felt like he was giving the VC playbook away for free! We write about $40 million of first-checks into new deals / year and about $40 million of follow-on investments. As I’ve pointed out previously, this is perfectly captured by Joe Floyd here tracking SaaS multiples over time.

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