A VC narrative that software-enabled companies like Uber should be valued at 10x+ revenue is falling apart but is still valid for startups with margins of 75%+ (Fred Wilson/AVC)

Fred Wilson / AVC:
A VC narrative that software-enabled companies like Uber should be valued at 10x+ revenue is falling apart but is still valid for startups with margins of 75%+  —  Dan Primack wrote in his friday newsletter: … While all of this is true, I think it is a lot simpler than that.



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