The Ledger
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Shen: Top-quartile public SaaS multiples fell from 24x to 8x revenue
“And if you look at the top quartile at the peak, so the top 25% of SaaS and cloud companies in the public markets, they're trading at 24 times revenue. Over the last, ah, nine or 10 months, that has now dropped to eight times. That is one-third of what they us…”
The median a16z portfolio burn multiple for $0-10M ARR is 1.6
“Here this data set comes from Andreessen Horowitz, and you can see the typical numbers that they can see here in their portfolio for different revenue bands, and as you can see, the median for them in the zero to ten million ARR range is 1.6”