u/Candid-Common-1609

Founder of an AI SaaS platform. 7 years old, crossed  $30m rev last year on track to do $90m this year. 90% gross margin, 30% ebidta margin. 

Ran for a minority recap this year. Had interest from every major fund but ended up with 2 shitty bids (10x last year rev). The universal sentiment was “we love your business but our IC can’t get comfortable with a higher price.”

We’re turning down the sheets but is this normal out there? What kind of deals are happening?