The Hidden Math Behind SaaS Exits: Why 3.8x Can Become 1.6x

The Hidden Math Behind SaaS Exits: Why 3.8x Can Become 1.6x

6h ago
SaaStr ARMARM Gtm_strategy New

The Gist

  • Acquisition headlines often mask real returns due to cap table dilution.
  • Working capital adjustments and taxes can significantly reduce payout.
  • Early investors may see returns halved despite strong exit multiples.

RevBots.ai View:

SaaS founders must account for dilution and transaction costs when projecting investor returns.

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