Our data is related to outright sales of [generally] self-funded SaaS businesss. It's not the same as the VC/angel world where they are investing in unprofitab

Our data is related to outright sales of [generally] self-funded SaaS businesss. It's not the same as the VC/angel world where they are investing in unprofitable or pre-revenue SaaS businesses based on potential or estimated future cashflows. The multiples we discuss will not apply in these situations and it's really not our area of expertise.