Jamin Ball on SaaS valuations: 6-25X NTM (next twelve months) revenue, based on growth.
Bryan Caplan: “What motivates businesspeople? While the full answer is complex, the basic answer is clear: Money. People run businesses to get richer – and ideally, to get rich. And whenever I get a small taste of the challenges businesspeople overcome, not to mention the disrespect they endure in our society, I have to say that businesspeople earn every penny. As someone who definitely does not want your job, entrepreneurs of the world, I thank you.”