Five inputs, no email, no signup. Outside $2M to $10M in ARR, it returns an indicative offer range for a company like yours. Inside that range a formula isn't accurate enough, so we'll ask for your real numbers instead. The assumptions are printed underneath so you can argue with them.
Between $2M and $10M in ARR we'll ask for your real numbers. Outside that range you'll see an indicative offer range.
Want a real number?A calculator with hidden assumptions is a marketing device. Here are ours, in full, so you can decide how much to trust the number it produced.
Cash in the bank, debt, and any non-recurring revenue sit outside this. A real offer nets those out separately, and the difference can be significant either way.
A strategic acquirer buying capability or market share can pay well above this range. If you have a credible strategic buyer, this number is your floor rather than your expectation.
Not from public comparables. Public software multiples move faster and further than private ones at this size, so a headline about the index tells you less than you'd think.
Everything here is cash at close. An offer with an earnout, a seller note or rolled equity should be discounted for risk and time before you compare it to this number.
Assignability, change-of-control clauses and IP ownership don't change the multiple. They change whether there's a deal at all, and they're the most common late surprise in diligence.
Curious is a long-term holding company that buys and grows software companies with empathy.
Join the Curious Dispatch to receive our latest thinking, news, and opportunities within our portfolio.
