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Deal File No. 002: Airtable and the Optionality Tax

Aug 5, 2026

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5 min read

Deal File No. 002: Airtable and the Optionality Tax

What happens when software built to preserve choice meets an owner built to impose focus.

Nick McClish

the multiple

Private equity outcomes, reconstructed decision by decision: what was bought, what changed during the hold, and what actually created the multiple.

© 2026 The Multiple.

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