What multiple of sales are smaller tech growth stocks raising money at these days? Have a call with a company that is raising money and doing well on renevue growth. They are feeling out what multiple is appropriate, but say they could have raised at about 10x sales 1-2 years ago and anticipate this round being 7-8x. That still seems rich to me, but Curtis on other people's thoughts. Company has been around for about 3 years with ~200% annualized sales growth that could accelerate after this offering. What are your thoughts???
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