Juan Orbea

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Probably not and we think 10x (May 2022) seems more in line with the historical trend.

And we’re going to show that — if you have the privilege to have options — you can probably increase the impact of your career not just by a little, but by a huge amount.

"I don't think all the deep biological things will be changed by AI. I think we will still really care about interaction with other people. I think the stuff that people cared about 50,000 years ago is more likely to be the stuff that people care about 100 years from now than 100 years ago."

The Maslow hierarchy of needs is completely different in asia, that’s why many products fail at monetisation when they enter these markets

Featuring a foreword by Jung, this Princeton Classics edition introduces a new generation of listeners to this eloquent and enduring work.

When navigating the question of which high school to attend or — if you don’t have a choice — who to make friends with as a high school student (or which kinds of people to encourage your kids to befriend if you’re a parent, although good luck with getting them to listen), ask yourself the following questions:

Finally, another common approach is to back into the required fund value to guarantee a Net LP return multiple (i.e. net of fees and carry). For e.g. for a $100M fund to return 3x net to its LPs given the standard 2 and 20 model and $850K in total fund expenses, the total net return for the fund would have to be $370M after taking into account the ... See more

Fund Structure

Traditional Fund

Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.

That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.

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