Your company is growing 100% year over year. It's profitable and throwing off cash. Why not wait another year and let revenues double again, which will make the

Your company is growing 100% year over year. It's profitable and throwing off cash. Why not wait another year and let revenues double again, which will make the company six times more valuable (assuming 3x revenue valuation, a reasonable ballpark for a growing software company). Unless I misunderstand the situation in some basic way, there is a math error in the above. (Of course, even if there is indeed a math error above, that does not make the whole blog entry worthless.) First let me restate what I take the above unambiguously to says: it says that if the company continues to grow 100% year over year, valuation a year from now == 6 times valuation today. My math: valuation a year from now == 3 times revenue a year from now == 3 times (2 times revenue today) == 2 times (3 times revenue today) == 2 times valuation today. Am I missing something?