Ivan Burazin(@ivanburazin):Multiples don't price where you are. They price how fast you're getting there. Double your revenue in a month and your valuation more than doubles; the speed re-rates the multiple itself. But if you used to double in a month and now it takes six, doubling again might only get you 1.5x. Revenue grew, but the multiple compressed. People look at the multiple and miss the velocity underneath it.

2026.09.18 22:44

Multiples don't price where you are. They price how fast you're getting there. Double your revenue in a month and your valuation more than doubles; the speed re-rates the multiple itself. But if you used to double in a month and now it takes six, doubling again might only get you 1.5x. Revenue grew, but the multiple compressed. People look at the multiple and miss the velocity underneath it.