The entire blog post by Fred Wilson is great. I know he’s been beating the drum on going public for some time now, primarily for better price discovery for private market investors like himself.
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1/ "If the product is software and thus can produce software gross margins (≥ 75%), then it should be valued as a software company. If the product... cannot produce software GMs then it needs to be valued like similar businesses with similar margins" FW avc.com/2019/09/the-gr
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