David Rosenthal: evaluation

Transcript context

…I'd be a buyer. It's very rational relative to a lot of this other mid-teens, $20 billion, $30 billion, and $40 billion valuations that we saw from lots of other companies over the last several years. This business grew incredibly quickly, was spitting off cash, and continues to. It reminds me a lot in that way of Zoom. Here's a company that's been growing incredibly quickly, incredibly capital efficiently Zoom (I believe) generated over $1 billion in free cash flow last quarter. You contrast that with all these other companies out there that are burning capital. It reminds me also of just how we started at the top of the show with who Tim Sweeney is, what his goals are, and how he operates. He's not hobnobbing with celebrities, even though he's a billionaire. He is eating Bojangles fried chicken and spending his time building Epic towards his vision and mission for the future. He bootstrapped for—how long did we say it was? Was it 22 years before...? Twenty-two years before taking the Tencent money.…

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