invest1 distinct publisher
The AI deal frame flipped: buy at 15 times revenue, pay with paper marked at 40
SpaceX paid $60B for Cursor in stock carried at about 40 times revenue. The accretion story is a multiple transfer, and trailing ARR comps no longer explain what buyers are doing.
Publishers:saastr.com
Reality
- Evidence20
- Adoption30
- Hype gap+45
- Incentives78
- Confidence28