The board deck is done. Revenue went up again. Then someone asks the question every founder hears sooner or later: “So what are we worth now?”
The quick answer takes revenue and multiplies it by a number heard at a conference. That number belongs to somebody else’s company.
Revenue growth rate, more than revenue size, sets how much revenue a $100M valuation takes.
On October 16, public investors priced cloud software companies growing under 10% a year at a median 3.2 times annualized revenue. Companies growing 30% or more got a median of 16.0 times. That is five times more for each dollar of revenue.
Now turn it into the number a founder cares about. At those prices, a $100M valuation takes about $31.3M of revenue at under 10% growth. Above 30% growth, it takes about $6.3M.
Same $100M. One-fifth of the revenue.
Why should a public market number matter to a Seed or Series A founder? The value you keep gets priced at the exit, and the buyers at the exit, public investors and acquirers, pay for growth. Venture rounds price further ahead, and round by round the price tends to move toward what those buyers will pay.
Paid members get the full investigation below: how the price of growth steps up by band, how much the market moved the bar on its own in 2026, what retention has to do with the band you can reach, what a $100M valuation means for the founding team’s own stake, and the $100M Valuation Path Calculator to run your own numbers.
The question and the data
The question: how much revenue does a $100M valuation take in November 2026, and which part of that answer can a founder change?
