Source item
Open original source ↗ERR (experimental runrate revenue) versus ARR (annually recurring revenue). The first is a promotion likely to go away (no valuation multiple) and the other is truly a sticky, high margin subscription (high multiple). Failure to know the difference in software is DEADLY! 🧐💥
Quoted context
These are the quoted author’s words.
11x’s accounting fraud was an open secret in the GTM tech land.
Kazanjy ↗