Wakako Great Wonderfuuuuuuuul !!!

Takeshi Enjoyed the essence of this post, Vijay.In fact, we somtiemes wonder (especially when we're approached by the obsessed with multiples & valuations' kind of people) if we're doing the right thing in building up our company with the good old approach' manage costs, get sales aim to get a positive cash flow going!We're convinced this is the best way; don't focus on the exit/acquisition/IPO it it is to come, the opportunity will present itself (is that a line from a movie?)We've also got some angels/advisory board members who are all people who have been there / done that and have followed similar approaches to building extremely valuable businesses. The probability of success is simply higher with the weathered' (if you like) approach as opposed to the hit or miss' approach the valuations game seems to be fostering. Of course, proponents of the latter will (correctly, at times) argue that one might under-capitalize on opportunities with a conservative' approach. Obviously, a lot of this has to do with the temperment & backgrounds of the founder(s) as well!CheersLux