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Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. Starting in 2009 I began writing checks consistently, year-in and year-out. Until we weren’t. 2001–2007: THE BUILDING YEARS The dot com bubble had burst.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high). In 2009 we could take a long time to review a deal. discipline & focus.