Remove Business Model Remove EBITDA Remove Mezzanine
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Entrepreneurs Need a Better Way to Cash Out

Harvard Business Review

But analysts are judging EBITDA, P/E ratios, quarterly growth, and cashflows – which don’t always correlate with long-term value creation. But venture capitalists have focused on specific markets and business models, because of the constraints of the exit, which is how investors have made their returns to-date.