Very excited to share something that has been ~3 years in the works: The PCG Multiple and Calculator.

P/E has never worked for startups, and P/S is highly unreliable too. This is our contribution: a method that prioritizes unit economics & growth.

abstractops.com/valuation If you'd like to dive deep into the details of this method, check out my writeup on deriving this multiple. I'll soon add a table with backtests -- listing out hundreds of companies.

hariraghavan.com/pcg

So, here we go. I’m moving out of the Bay Area.

This is obviously not a fresh opinion; but the framing may be slightly controversial. My biggest reason is that I believe the Bay Area is no longer the best crucible for the American Dream. 🧵 hariraghavan.com/0090c2645d2f4c… This is not a “fuck SF” post. This is a saddened recap of what could have been. I’ve had a tremendous time here, which had nothing to do with “tech” or “startups”. It had to do with my family, the people, the food, the culture, the debates, the nature.