Sometimes it's interesting to observe certain phenomena: on one hand, we envy how AI projects (Cursor/Scale AI/Anthropic/Midjourney/Perplexity) are rapidly hitting the $100M ARR milestone, yet on the other hand, we turn a blind eye to or even undervalue $100M revenue projects within the industry. Sure, there are differences in the quality, sustainability, and market potential of this ARR, but we can always adjust by lowering the PE ratio. Besides, the way you view the issue might often be flawed. For those deeply involved in the field, don’t make the mistake of missing the bigger picture: fixating on minor flaws and blowing them out of proportion while ignoring the arrival of a new era. PUMP the Application Revenue