Lior Ronen

If every email is urgent, none of them are.

That’s just science.

Hearing a founder is building cool tech with no product is nuts to me.

Not every cool tech is worth something. Many are worth zero.

If you have no product, users, revenue, team, or go-to-market, that’s not a company. That’s a hobby with good PR.

My 6yo: Daddy, why aren’t you working?

Me: I am working.

6yo: No, you’re not. You just talk to people and play on the computer.

🤦‍♂️

Forget the M&A work, financial analysis, and endless research.

I just reduced a client’s Excel file from 2MB to 700KB without breaking a single formula.

Feeling absolutely almighty.

Many founders I’ve talked to lately mention a 25x revenue multiple for AI.

But LLMs are averaging 44x.
Legal Techs AI are 16x.

Those aren’t the same — and neither is how investors view them.

Using more accurate multiples makes your valuation more credible.

Just saying.

Apparently, AI tools for COBOL are a real niche—and in surprisingly high demand.

Feels like future Marty McFly met past Marty McFly and launched a startup together.

The best part about valuing AI startups in 2025?

Half the comps work is already done.

Between LinkedIn humblebrags and TechCrunch features, everyone’s shouting their valuation, revenue, and user numbers from the rooftops.

Of course, the most interesting stuff is usually what they don’t post.

If there’s one thing I learned this month is that I need to sign a contract before EVERY job.

Even if a client I know for 10 years referred his best friend to me. I still need to sign a contract.

Ugh.

Also, the number of AI agents focused on managing or building other AI agents is mindblowing. At least half of the industry is trying to sell these internal tools to other players in the industry. Consolidation is inevitable

2. A lot of AI agent startups have been around for years. The ‘new wave’ isn’t that new.

3. Some AI agents have raised insane funding—double or even triple-digit seed and Series A rounds, all pre-revenue. Most of these founders are ex-big tech devs

Been analyzing the AI agents space, and while it looks like a wave of indie developers have launched new tools recently, the reality is a bit different:

1. Many of these tools are actually developed by big tech or spun out of it—not so indie.

"How is Finro better than other firms? Why should we work with you?"

Honestly, I’m not even sure I want to work with you.

These questions are a sign that someone isn’t looking to buy, just shop around.

From my experience, almost no one who asks this actually ends up closing.

With all the cool new AI agents, the one that brings me the most value isn’t some shiny, futuristic tool—it’s Zoom’s AI companion.

Used to juggle notes, keep up with calls, and make sense of everything.

Now, Zoom’s AI summary does it for me. Worth every penny.

A few months ago, I quietly started offering off-the-shelf multiples analysis for different tech niches. It gained some traction, but I never really promoted it.

Then I got this message today.

Apparently, even without promotion, there’s real demand for this. Maybe I’m onto something?

This is insane stuff "Stability is just a cage painted beige."

Numbers matter in AI.

2025 multiples analysis shows:

• AI companies average a 23.4x revenue multiple (3x that of public SaaS).
• Infrastructure tops the charts at 47.7x.
• Cybersecurity & Health Tech are surging.

These are clear signals of where innovation grows.

Hardcoding your revenue forecast is useless.

It shows nothing and it adds no value.

The same is true for using TAM for revenue forecasting.

The hard truth is only bottom-up analysis is helpful for you and investors.

Might take more time, but it adds value to the discussion.

Pro tip: If someone shows you a business valuation using ‘innovative methods’ and ‘creative forecasting,’ they’re hiding something.

Probably the actual value.

My favorite line is, "We're doing something no one has done before", and then finding like 15 more startups doing pretty much the same thing.

Wow, I just had a completely normal call with a normal founder building a normal startup.

Feels almost… unnatural.

ffs, feels like another WeWork moment for Softbank.

Just got off a call with a new lead.

After 20 minutes of discussing her business idea:

‘Ok, so how much is my startup worth?’

Me: ‘It doesn’t work like that. There’s a process.’

Her: ‘I have an investor meeting in 2 hours. What do I do?’

Me: ‘Hire me or make up a number.’

Her:

Me:

Schrödinger’s defibrillator. Until it’s out, it’s both a defibrillator and a cat. We just can’t be sure 100%.

⃝⃤ OG [the real from threads] starter pack • here or there • people not platforms

go.bsky.app/EjyxkGW

Bluesky needs much more shitposting

At this point, nothing can surprise me, as far fetched as it might be

Space water cannon 🔫

I guess sometimes stating the obvious is not obvious

Wait, what??

‘No, I don’t need more work. Just 1-2 hours will do.’

This is literally you asking for more work. 🤦‍♂️