If the product is software and thus can produce software gross margins (75% or greater), then it should be valued as a software company.
If the product is something else and cannot produce software gross margins then it needs to be valued like other similar businesses with similar margins, but maybe at some premium to recognize the leverage it can get through software.
Of the FIRE, the ‘RE’ is the most important part is what Aussie Firebug argues.
Podcasting List and Search.
Really easy tool to use and how this contributed to as a side hustle