that’s the right frame work. Up more than 18x to date. But the next phase is where discipline will get much higher IRR. Terminal exit for 3DP is in the 2-3 dollar range before it becomes an institutionally owned and traded equity. This is a higher margin and more scalable version of Nearmap - which is also a well run company.
with more hardware like the iPads that have lidar coming to market the need for point cloud storage and analytics will grow. enjoy the right up and top up when the road gets bumpy.
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