Valuations and Multiples

Current market multiples are deemed fair, with top-tier Internet companies like DoorDash and Airbnb achieving 20 to 25 times EBITDA. While the broader index of Internet businesses trades below 15 times, it's essential for founders to focus on the performance of scalable monopolies rather than the inflated multiples of previous years. Additionally, the distinction between EBITDA and revenue multiples highlights the profitability potential of consumer Internet businesses compared to software firms.