Sam Parr

Yeah, well, that's the deal.

And then they have subsidiaries on top of that.

And when you go public, it's like, how many companies can you buy because you're raising capital from the investment pool?

And it's almost like you've got to eat.

When you go public, you got to eat, you got to buy.

I mean, that's one of the prerequisites if you do an IPO.

And there's a lot of advantages, but then you got Sarbanes-Oxley and all this other things.

Like this is the kind of stuff I get really excited about.

But you think about, here's something to understand about home service, home improvement.

Is it demand generated?

Like if your pipe breaks, you're calling me today.

You need it fixed.

Windows, you know, I want new windows.

Maybe a window broke.

I'll get the glass fixed, but windows.

So the multiple of a demand-driven industry where I need it done, and pest control is one of those that's not necessarily needed it done, but because that company went public, they're paying a lot more and it rose the market cap.

But a window company might get 8 to 12x, whereas HVAC, plumbing, electrical, garage doors, there's just these must-dos are getting 15 to 20 when you get past 20 million of EBITDA.

Here's exactly what happened.

Think about it.

You're a venture capitalist.