SaaS multiples

3 statements across 3 episodes · 1 bullish · 1 bearish · 2 people on the record · first statement Jul 1, 2015 by Jason Lemkin · across every show →

Everything said about SaaS multiples, oldest first

Jul 1, 2015
Assertion Partly supported
Lemkin: SaaS valuation multiples doubled between 2011 and mid-2015
“Multiples were about half of what they are today”
Jason Lemkin Jul 1, 2015 ▶ 5:53 20 VC 050: Starting, Building and Selling in SaaS with the King of SaaS, Jason Lemkin, Managing Director @ Storm Ventures
Jan 13, 2023 bullish
Prediction Didn’t hold up
Lemkin: SaaS multiples will rise 20% to 40% by end of 2023
“And so I'm pretty bullish at the end of this year. I'm bullish that multiples will be Up somewhere between 20 and 40%, and I believe that will lead to a rush to deploy capital, but for founders, you have to understand that will never lead to a return of 2021.”
Jason Lemkin Jan 13, 2023 ▶ 52:59 Jason Lemkin: WTF is Going On in VC? Are LPs Investing in New Funds? | 20VC #965 · 20VC with Harry Stebbings
Oct 14, 2024 bearish
Assertion Supported
Frankel: Public SaaS multiples dropped from 20x in 2021 to 5-6x
“So if you look at SAS multiples in 21, 20, Where that was 20 X, and then you look at those SAS multiples as five, six X, that trickles down.”
David Frankel Oct 14, 2024 ▶ 23:31 David Frankel, MP @Founder Collective: Investing Lessons from Seeding Coupang, Pillpack & Suno|E1214 · 20VC with Harry Stebbings
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