It's truly difficult to sell a company that makes 10M USD revenue for 50M USD, I think the author is really too optimistic. If we take [Valuation = Next 12 Mon

It's truly difficult to sell a company that makes 10M USD revenue for 50M USD, I think the author is really too optimistic. If we take [Valuation = Next 12 Month Revenue * EV/Revenue * Marketability Discount], we arrive barely at 15M/20M USD (if you are even profitable!), and still, the majority of these companies will not reach this state and just disappear :/