The Minutes of Bill Gurley on multiples https://minutesof.com/bill-gurley/on/multiples/ Everything Bill Gurley has said on multiples: 2 verbatim quotes from May 2021, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:11 +0000 Gurley notes Lemonade, Unity, and Palantir are still trading at 20 times sales despite falling 60%. https://minutesof.com/q/daea9c72-cc8e-4255-bd8b-97eb4a9c65bd/ https://minutesof.com/q/daea9c72-cc8e-4255-bd8b-97eb4a9c65bd/ “And yesterday in preparing for this, I was looking at some of the stocks that are outliers on price to sales and lemonade, unity and Palantir, which have come in 60% are still at 20 times over sales.” — CNBC Television Wed, 12 May 2021 16:26:01 +0000 multiples Gurley notes Lemonade, Unity, and Palantir are down 60% but still trade at 20 times sales. https://minutesof.com/q/87b07694-930e-4e47-a008-121e7f06003d/ https://minutesof.com/q/87b07694-930e-4e47-a008-121e7f06003d/ “I was looking at some of the stocks that are outliers on price to sales and lemonade, unity and Palantir, which have come in 60% are still at 20 times over sales.” — CNBC Television Wed, 12 May 2021 16:26:01 +0000 multiples