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Valuations tended to crash and burn very, very cheap valuations tended to do well. Right, right. Did the research found very compelling evidence that what its PE is really matters to your returns going forward. Very, very high. But of course, you know, Barry, I was 16, 17 much more interested in girls. That’s right.
In FY2023, they added over 250+ clients in B2B and B2B2C segments and over 850+ clients across various industries, with a retention ratio of more than 90%. There are products for the B2C segment, which are MAPPLS and Kogo App, which create business opportunities for the travel commerce segment of the company.
I went in there and the valuation was below a billion dollars. And at two years the valuation was $13 billion. And so they have done that and they’re a B2B company right now. And I think eventually they’ll be a B2C company. He’s great. And I left after two years. And so that was a fun run. One to 13.
But I think the reality is right now, we just have an overhang from, I certainly in my world, I can speak to healthcare and FinTech, a number of companies going public and then disappointing or valuation just being excessive compared to the maturity of the businesses. Because if you’re talking about large B2B payments, right?
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