I would like to share my thoughts on the valuation bit – since the interest rates have increased the valuations took a big hit now. There is no way a company like Newgen can be valued at 20x their revenue. The best product companies at the median level are valued at 6x revenues – have a look at this blog for more information: Clouded Judgement 1.12.24 – Hard Truths – by Jamin Ball
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