SaaS companies

“There's a group of SaaS companies that are talking about de-platforming Parler as well from just using ordinary software as a service and other sites like it.”

“So, what we've seen over the past four or five weeks, about the first week in November, most, the market basically peaked, and at least growth stocks did, and SaaS companies did. If you look, kind of, November eighth was sort of the beginning of the downturn, …”

“If you're a high growth company, which starts at 40%, you're trading at about eight times the next 12 months revenue.”

“Well, what we're seeing right now is that pretty good SaaS companies that are growing, you know, maybe on a trailing basis, they grew three X and, you know, prospectively they're growing, call it two and a half X. They're trading right now, not trading, but ba…”

“And that's why we're never going back to the bubble of 20, 21, where SaaS companies were trading at a hundred times ARR. We're going to go back to an environment more like a more normal one where valuations are more like the 2017 valuation, something like that…”

“The discount was last year, I kid you not, 70, 80, 90% off the last round for SaaS companies, and this year it's 20. We're 30.”

“So I think the risk for the SaaS companies, it's not that they get replaced, although that'll happen to some degree, but it's that they become an old layer of the stack that now there's a new layer that gets built on top of. I guess it becomes more legacy infr…”