DAOs Disrupting Higher Education
We celebrate universities as great societal equalizers. They seek to weave together a smart, hard working and diverse cross-section of the young population. They send thousands of graduates each year on a path to elite opportunities in tech, finance, academia, etc. It’s often called a young person’s American Dream. But it’s not that rosy. Elite schools are the gatekeepers of high society. It’s never been harder to get into, let alone afford, an Ivy League college. The Ivy League collectively ...
DAOs Disrupting Higher Education
We celebrate universities as great societal equalizers. They seek to weave together a smart, hard working and diverse cross-section of the young population. They send thousands of graduates each year on a path to elite opportunities in tech, finance, academia, etc. It’s often called a young person’s American Dream. But it’s not that rosy. Elite schools are the gatekeepers of high society. It’s never been harder to get into, let alone afford, an Ivy League college. The Ivy League collectively ...
10x, 100x, and 10,000x: Multiples in Web2 and Web3
Price-to-sales is a financial metric describing how much value the market places on each dollar of a company’s revenue. Analysts often use a low P/S ratio relative to peers to identify undervalued equities. NYU research tabulated average public company P/S ratios by industry in Web2:Web2 revenue multiples. Source: NYU researchMultiples in private markets are far higher than the public multiples with 100x ARR becoming the meme of software investing in 2021. But 100x isn’t the high water mark: ...
10x, 100x, and 10,000x: Multiples in Web2 and Web3
Price-to-sales is a financial metric describing how much value the market places on each dollar of a company’s revenue. Analysts often use a low P/S ratio relative to peers to identify undervalued equities. NYU research tabulated average public company P/S ratios by industry in Web2:Web2 revenue multiples. Source: NYU researchMultiples in private markets are far higher than the public multiples with 100x ARR becoming the meme of software investing in 2021. But 100x isn’t the high water mark: ...
