Pepper: 2022 SaaS sell-off reflects valuation excess, not business performance
Doug Pepper · Doug Pepper, GP at Iconiq + Jason Lemkin of SaaStr: "Where Venture Is Right Now" · May 6, 2022 · at 4:02
Doug Pepper, General Partner at ICONIQ Growth, discusses the divergence between record revenue growth and falling public stock valuations in SaaS.
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“And I think what that tells you is that the performance of the companies is often disconnected from the valuations. And so what we're seeing today is not a judgment on the performance Of the companies or their quality or the opportunity ahead. It's simply a referendum on their valuations, which I think in retrospect, now we can all agree got well ahead of themselves and we can talk about why and what happens from here.”
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