You are listening to conversations with Nathan Latka, where I sit down and interview the top SaaS founders, like Eric Wan from Zoom.

If you'd like to subscribe, go to getlatka.com. We've published thousands of these interviews, and if you want to sort through them quickly by revenue or churn, cac, valuation, or other metrics, the easiest way to do that is to go to gitlatka.com and use our filtering tool.

It's like a big Excel sheet for all of these podcast interviews. Check it out right now at gitlatka.com.

But this is the market capital eight last night, $1.897 billion.

What's crazy about this graph, you look at it was at a high back in 2021, but revenue has more than

doubled since 2021. So why hasn't valuation also more than doubled? Please help me welcome

to the stage.

Saab needs to sing with PAR Technologies.

Thanks for being here, man.

Yeah, yeah, yeah.

Third fastest growing.

Do you know who the two and one are?

I have no idea.

It's still impressive on this market

to get these kinds of deals done. What's your

take on why the market is not valuing your revenue growth? Is it just fed an interest? Oh, I would

take the opposite. I think our stock's kicked ass. So if you look at, so we're about $2 billion

market cap, but most of our life we've been around, you know, less than $ a billion for a lot of it. In that sort of sub-10 billion dollar software,

where the best performer stands one company over the last one, three, five years. So

it's a little bit size dependent, right? You've had the big stocks take away most of the gains

that have kind of hit it. So the average, this is a crazy statistic, but the average, the median software company that's public is down 21% over the last six years from 2018 to now.

So you've actually had negative returns in software over time. So we feel great because we're up, you know, 5x or something since that time.

...