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Ep - 10 What is Venture-Market Fit? - Jens Neuse, Founder, WunderGraph
What 2026 exits actually pay for SaaS
Miro had about $600M in ARR, was profitable, and sold to Bending Spoons at a $1.355B enterprise value, about 2.3x ARR. The headline equity value was $1.79B because Miro also held about $435M of net cash. That is roughly 90% below its $17.5B valuation from 2022. Growth set the multiple: Airtable sold five weeks earlier at 2.7x ARR with 20%+ growth. If you are building toward an exit, find out which multiple category you belong in before your board does the math for you.
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Podcast host, angel investor, and serial entrepreneur with 4× exits ranging from small businesses to VC-backed tech companies. Jason has been personally involved in over $100M in transactions and now helps founders close their next transaction at Thunder.vc, from pre-seed rounds to $100M exits. He coaches founders through their next major transaction and gets the deal done by introducing them to the right people in his network.
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