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  "notes": "The charts use a scatter plot format with a diagonal threshold line representing the Rule of 40. 2023 data includes valuation multiples (EV/NTM Rev) for the two segments.",
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      "text": "Notes: Growth Rate is most recent quarter revenue growth (YoY). FCF margin on LTM basis. y-Axis cut at 100% (with companies growing >100% shown as 100%). 2023 also includes new Rule of 40 companies. Source: Accel Analysis, CapIQ",
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      "text": "...BUT decline in growth not always balanced enough by profitability, making rule of 40 companies a rare breed",
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