The number is a reflection of 3 things: - Multiple of revenues - Tech acquired vs time to build and opportunity cost. - Braintree's perception of how much the

The number is a reflection of 3 things: - Multiple of revenues - Tech acquired vs time to build and opportunity cost. - Braintree's perception of how much they can aggressively grow the offering when they offer it to their much larger customer base So it is what it is.