public software companies

5 statements across 4 episodes · 0 bullish · 2 bearish · 2 people on the record · first statement Jan 10, 2024 by Jamin Ball · across every show →

Everything said about public software companies, oldest first

Jan 10, 2024 neutral

Assertion Supported

Ball: Public software companies average 7x to 8x forward revenue multiples

“You know, on average, software companies trade around seven and a half times forward revenue, right? You can ignore that 20, 20, 21 period when interest rates went to zero. And so companies on average are going to exit at seven to eight times forward revenue, …”

Jamin Ball Jan 10, 2024 ▶ 18:14 Ed Sim & Jamin Ball: Did Figma Kill M&A Markets & 3 Requirements to IPO in 2024 | E1101 · 20VC with Harry Stebbings

Oct 2, 2025 neutral

Assertion Partly supported

Lemkin: 94% of public software companies call themselves AI companies

“94% of public software companies call themselves AI companies.”

Jason Lemkin Oct 2, 2025 ▶ 20:27 Are Burn Multiples BS in an AI World? & Sam Altman Needs $1TRN of Energy · 20VC with Harry Stebbings

Mar 5, 2026 bearish

Prediction Not checkable as stated

Lemkin: Most public software CEOs will abandon growth targets in 2026

“Which I think most public software companies will get to during the course this year. They will give up. The CEOs will give up. This is my point. They will give up on returning to growth.”

Jason Lemkin Mar 5, 2026 ▶ 50:17 Anthropic vs The Pentagon: Who Wins? | OpenAI's $110BN Mega Round | Cursor Hits $2BN in ARR · 20VC with Harry Stebbings

Mar 5, 2026 bearish

Prediction Not checkable as stated

Lemkin: Public software companies will perform worse throughout 2026

“I think all, almost all the public software companies are just going to do worse and worse for the rest of this year.”

Jason Lemkin Mar 5, 2026 ▶ 34:58 Anthropic vs The Pentagon: Who Wins? | OpenAI's $110BN Mega Round | Cursor Hits $2BN in ARR · 20VC with Harry Stebbings

Jul 2, 2026

Insight

Lemkin: Declining public software companies will accept acquisition premiums as low as 15%

“I think any public company in decline today that gets an offer, a premium of even 15%, they have a fiduciary duty to take that very seriously... Management with their earn out, they're going to take that deal in a heartbeat.”

Jason Lemkin Jul 2, 2026 ▶ 55:17 Coinbase Cuts AI Spend by 50% | Kalshi's $40B Valuation & Impending IPO | The Year for SaaS Roll-Ups · 20VC with Harry Stebbings

public software companies

Everything said about public software companies, oldest first

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