@7AustinL @PartnersSaga @StockNovice @Investor1041 @richard_chu97 @saxena_puru @cperruna @adventuresinfi @OphirGottlieb @Beth_Kindig @StackInvesting @nnamdiu Yep, gross margins are higher in SaaS, &amp; with higher growth they do deserve higher valuations. But taking price out of the equation, even for the best ones, is questionable.. especially given that we've seen $AMZN and $MSFT down or flat for 10-15 years after peak valuations.