Angkor Value

l/s equity

[Angkor Value @angkorvalue]

@Alfred_Lin no it was internal data analysis but we found 10.6% IRR for founders and 9% IRR for non-founders. maybe over time this compounds but the delta was lower than we expected. Id hypothesize that having the right mgmt KPIs is more important than founder status

[Angkor Value @angkorvalue]

any explanations for this annual valuation reset from 25x --> 20x --> 16x? top line has held up at ~40% y/y throughout this period. seeing this a lot across various names

[Angkor Value @angkorvalue]

seeing a lot more chatgpt ads with anything consumer related

[Angkor Value @angkorvalue]

@GHadjia theres a reason theyre on that side of the table

[Angkor Value @angkorvalue]

I think about this a lot

[Angkor Value @angkorvalue]

we're rule of XX-ing banks now? everyone is software-brained atp $intr

[Angkor Value @angkorvalue]

@OnodaCapital

[Angkor Value @angkorvalue]

@CarioCapital EV / FCF 20x

[Angkor Value @angkorvalue]

$IONQ

this neighborhood you speak of, it has $0 revenue and billions in losses? tell me more. & the house, its a roll-up you say?