Forefront
Forefront Daily - Modal's 14x Valuation: What the Numbers Actually Reveal
10:37
Modal went from $1.1B to $15.75B in 13 months. But the multiple barely moved, and about 30% of the revenue isn't serving at all.The fourteen-x looks like revenue growth, not a repricing. What investors actually bought was bigger than serving: the runtime layer for AI applications.Full video: https://youtu.be/j_mVA-oqKPcX: https://x.com/Forefrontshow_Instagram:…