Where is the Tech Bottom?
Tomasz Tunguz wrote a great article on the correlation between tech multiples and rising interest rates. He used the 10-year treasury as a proxy, which would be the antithesis of the growth market. The article can be found here. He stated that 2.1x NTM revenues if the 10-year treasury reaches 5%. It fell to 3.3x in 2016, […]
