for many cash businesses, the equity is much smaller than you would think. I run what is essentially a hosting company, right? I've gotten a few offers, and

for many cash businesses, the equity is much smaller than you would think. I run what is essentially a hosting company, right? I've gotten a few offers, and do you know how hosting companies are valued? approximately one year revenue plus the value of your hardware. And this is a growing company in a rapidly growing market (I double every 6-8 months) I mean, it's something, but not compared to what you expect from equity businesses, and not nearly enough to cause a rational agent to sell at the margins we see, I mean, unless you were just sick of doing it.