Super interesting that their funding round in 2015 valued them at $20 billion. In late 2015, public SaaS revenue multiples were in the 6-7x range [1]. According

Super interesting that their funding round in 2015 valued them at $20 billion. In late 2015, public SaaS revenue multiples were in the 6-7x range [1]. According to the article, they are looking to hit $1 billion in revenue this year. If we assume a 25% compound annual growth rate from 2015 to today, this would put their 2015 revenues at ~$350 million, for a multiple of >55x (Zoom's current EV/NTV revenue multiple) at the time of the raise. That's pretty astounding, and makes me think there must be more to the story here (and not necessarily in a good way). [1]: https://www.meritechcapital.com/public-comparables/enterprise#HistoricalTradingData https://www.meritechcapital.com/public-comparables/enterpris...