. @tushar_jain breaks down the three-number framework he multiplies together to value a founder-driven bet like @ethena "It's three numbers that we try to figure out. One is the total market size, looking a few years out. The second is margins in the long run - are there returns to scale?" "The th
@kevinwshpod·Jul 16, 2026·2 sources·positive
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Tushar Jain explains his three-number framework for valuing founder-driven bets like Ethena, praising founder Guy Young's competence.
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. @tushar_jain breaks down the three-number framework he multiplies together to value a founder-driven bet like @ethena "It's three numbers that we try to figure out. One is the total market size, looking a few years out. The second is margins in the long run - are there returns to scale?" "The th
@kevinwshpod
Jul 16, 2026
. @tushar_jain breaks down the three-number framework he multiplies together to value a founder-driven bet like @ethena "It's three numbers that we try to figure out. One is the total market size, looking a few years out. The second is margins in the long run - are there returns to scale?" "The th
@kevinwshpod
Jul 16, 2026