Return Multiple by Role

By a careful observation and study through out history, an investment with return multiple can be categorised into multiple category and what kind of actor they are. It is useful as a mental exercise what kind of actor you want to transform into if you want to achieve such return multiple. For every three level, you need paradigm shift at how you doing thing. Also, to keep in mind value creation doesn’t mean value capture, meaning the actor who create billion trillion value multiple can end up poor if the actor didn’t setup a capture mechanism to which the value it has created.

Level	Exponent of ten	Return multiple (bounded below)	Who? (typical)
0	100	1 X	Most people struggle with this.
1	101	10 X	1. Best employee who got the golden handshake 2. SME
2	102	100 X	Successful SME
3	103	1,000 X	1. Successful SME who graduated into large company. 2. Your typical SaaS company 3. Mittelstand
4	104	10,000 X	Your household unicorn
5	105	100,000 X	Conglomerate
6	106	1M X	1. City level 2. Company with quasi-city level authority
7	107	10M X	1. State level 2. Company with quasi-state level authority. i.e. VOC, Google, Apple
8	108	100M X	1. State level 2. Empire level 3. Founder of a successful nation or an empire
9	109	1B X	1. Social reformer 2. Philosopher
10	1010	10B X	1. Social reformer 2. Philosopher
11	1011	100B X	1. Social reformer 2. Philosopher
12	1012	1T X	1. Social reformer 2. Philosopher