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Re:Rich vs. King in the Real World: Why I sold my company by bdurette on Monday October 19, 2009 @11:30PM (#891689)
It's not exactly reflected in the valuation and Jason recognized that in the comments in the article:

"If you look at smaller acquisitions like mine (i.e. not like the $170m Mint acquisition), valuations like "N times revenue" or "N times profitability" is less correlated with sales, where as "N times number of founders" is closer to what happens."

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