20VC: Why the IPO Market is not Closed | Why Revenue Multiples are BS and Founders Need to Change | Advice From Jack Ma, Jamie Dimon and Evan Spiegel | Lessons from Taking Snap & Alibaba Public with Imran Khan

919.088 - 938.909 Imran Khan

And this is why I think one of the most important thing to look at it, what is the gross margins of that businesses? Because if a business has 20% gross margins, you know, giving them revenue multiple is a crazy thing to do. You can, but it has to be very, very low revenue multiple because when you start with 20% gross margins, ultimately gross margins is very hard to control. It is what it is.