{
  "docId": "019de50e-91eb-710d-9189-60bafb21b351",
  "docSlug": "10f5ba3712ae7f9d2747b8f614746d2e",
  "documentTitle": "Qatalyst Partners | Investment Banking Pitch Book | 27 slides",
  "authorId": "qatalyst-partners",
  "authorName": "Qatalyst Partners",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2012-08-01 00:00:00",
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  "pageNumber": 7,
  "pageCount": 27,
  "prevPage": 6,
  "nextPage": 8,
  "slideType": "data_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 48,
  "notes": "The chart tracks daily fluctuations in valuation multiples, while the table provides annual and period-specific averages and premiums/discounts.",
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  "slideHref": "/slides/019de50e-91eb-710d-9189-60bafb21b351/7",
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  "components": [
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      "kind": "chart",
      "text": "Line chart showing daily NTM revenue multiples for Arbor and three peer groups from Nov 2009 to Aug 2012.",
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      "kind": "paragraph",
      "text": "November 5, 2009 (Arbor IPO) to August 6, 2012",
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      "kind": "source-note",
      "text": "Source: Based on CapitalIQ and consensus analyst estimates. Period spans IPOs of FB, ACTV, ANGI, DMD, RATE, and QNST. Selected Internet Leaders includes GOOG, AMZN, FB, EBAY, and PCLN. Selected eCommerce includes EXPE, VPRT, OPEN, SFLY, and NFLX. Selected Online Media and Consumer Services includes LACI, WBMD, MWW, ACTV, ANGI, DHX, DMD, RATE, and QNST.",
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      "kind": "table",
      "text": "Summary table of NTM Revenue Multiples (Averages) for Arbor and peer groups across years 2009-2012.",
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      "kind": "title",
      "text": "NTM Revenue Multiples Over Time",
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      "evidence": "chart/line: Line chart showing daily NTM revenue multiples for Arbor and three peer groups from Nov 2009 to Aug 2012.",
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      "name": "Golden Circle",
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      "structure": "The Why (Belief) -> The How (Process) -> The What (Result)",
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