Marrakech flogged

I read in the Sunday newspapers that Marrakech was flogged recently. They raised over €75millon during the boom years and beyond. I always used to like my friend Conor’s quote (he was head of strategic alliances there),

At Marrackech I learned how to add a lot of cost into a business and then I learned how to take it back out again.

I somehow feel they didn’t quite make the 10x multiple that VCs hope for when they invest…