Market Valuations Today

Founders should approach current market valuations with a realistic perspective, as the multiples seen today are considered fair. Best-in-class internet companies like DoorDash and Airbnb can achieve EBITDA multiples of 20 to 25, while many others remain sub-scale. The distinction between EBITDA and revenue multiples highlights the profitability of consumer internet businesses compared to software companies, which often struggle to show earnings.