Sramana Mitra: What range would you put on your first two categories? Steven Mitzenmacher: It’s so subjective. I used to live at a time when an enterprise software company could expect a 2.5 to 3 times revenue to be an appropriate multiple. Then you get into the SaaS world where it’s 30 to infinity times.
Sramana Mitra: If we want to send you deals to look at, you are a perfectly good point? Steven Mitzenmacher: Absolutely. Our mandate is to be knowledgeable enough that we can be a quick filter. Quick no’s are better than long maybe’s. We can help you intelligently navigate the organization in terms of where your
Steven Mitzenmacher: The next function is a capability deal. That’s not just about your existing core and enhancing it; it’s about adding a new Lego brick to your core. That might be your bolt-on acquisition. In that case, it’s augmenting a new product or service offering that can add technology or features to your existing
Steven Mitzenmacher, SVP of Corporate Development at Rackspace Technology, discusses the Buy-side thought process on Exit Strategy.
Steven Mitzenmacher, SVP of Corporate Development at Rackspace Technology, discusses the Buy-side thought process on Exit Strategy.