If this was that easy, Jio/TATA would have done it by now. AWS/Azure are not merely offerings but years of R&D and engineering effort by top class researchers/engineers from mostly tier1 institutions of the world backed by strong and visionary management teams of Amazon/Microsoft. For Jio/TATA to emulate anything close they will have to do hard work to build an ‘institution’ like company first and be seen as the tech giant for researchers and engineers to be lured to join them consistently.
As you have pointed out, E2E has ceiling limit, playing low hanging fruits game etc. this means maybe we can agree that E2E can grow for 2-3 years and then no one knows what next would happen. But the 35 multiple implies market is assigning fair bit of terminal value to the co. So even if someone plays E2E with the thesis of product market fit, the starting multiple justified should be much lower.
Some other questions/concerns I have –
- Saw profile of software engineers on Linkedin for E2E, found most of them as web developers from tier 2, tier 3 colleges. With due respect to them, there is lot different skillset needed as well for building IaaS, PaaS kind of thing. Maybe I am misjudging something over here but worth thinking.
- Who are the customers of E2E and what end use cases they are trying to solve leveraging E2E stack?
- Why would a developer work on E2E stack if he/she knows that having AWS/Azure on resume is one of the ways to get high paying job in ML/AI/SDE space?
Again, I am saying with due respect to the company, I may be speaking with lot of bias and prejudice, but I need to justify myself a 35 PE company in this space
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