Certainly the value of transactions that are authorized each month by DocuSign are north of $100B, and they alleviate a substantial about of transactional frict

Certainly the value of transactions that are authorized each month by DocuSign are north of $100B, and they alleviate a substantial about of transactional friction and risk. There is also a network effect in that accessing existing agreements establishes a relationship with all parties to these contracts. Personally I give little credence to questions about tech valuation. Either it’s rational or irrational, and that is up to each and every investor to decide and literally nobody else.