Thanks NT, and agreed. Since all of the companies on the list have, minimum, in the hundreds of mils in revenue, it would probably be more fair to take some smaller public SaaS companies and do that comparison. I could only find a list of the largest SaaS companies, however, and thus ran with it. I wouldn't be surprised if the smaller public SaaS companies have higher multiples. Regardless, I may do it when I have some more time.