Wham, bam, “TAM”

We’re the Next Amazon – This NEVER Ends Well:

  • Ok…so that doesn’t rhyme but hopefully the point is clear – “Total Addressable Market” is as overhyped today as in 1999
  • Investor mania in IT has multiples at 2000 peak levels which led to a crushing 80% collapse
  • As our papers comparing IT stocks and IPOs in 1999 with today explained This NEVER Ends Well

We love innovation but believe paying Dot.com multiples is a recipe for disaster: Not Everyone Can Be “The Next Amazon”


Want more content? Subscribe now


The information, data, analyses and opinions presented herein (a) do not constitute investment advice, (b) are provided solely for informational purposes and therefore are not, individually or collectively, an offer to buy or sell a security, (c) are not warranted to be correct, complete or accurate, and (d) are subject to change without notice. Kailash Capital, LLC and its affiliates (collectively, “Kailash Capital”) shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses or opinions or their use. The information herein may not be reproduced or retransmitted in any manner without the prior written consent of Kailash Capital. 

Kailash Capital, in preparing the information, data, analyses and opinions presented herein, has obtained data, statistics and information from sources it believes to be reliable. Kailash Capital, however, does not perform an audit or seeks independent verification of any of the data, statistics, and information it receives. 

Kailash Capital and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.