PAR Technology CEO Savneet Singh recounts the historical performance of the company when he took leadership in 2018.
Opinion
Singh: Software Has Been a Horrible Investment Category Since 2018
“Software has actually been a really horrible category to invest in for the last five, six, seven years.”
Insight
Singh: Buying lowest-NPS stocks outperforms high-NPS companies over time
“I've always told investors just, you know, you'd be better off buying a basket of stocks that have the lowest NPS of all, and they'll outperform the companies that have the best NPS. And you'll be like, well, it doesn't make sense, but think about the companie…”
Assertion Partly supported
Singh: Median Public Software Stock Down 21% Since 2018
“The median software company that's public is down 21% over the last six years, from 2018 to now.”
Insight
Singh: Diluting Equity for Marginal Growth Rates Destroys Shareholder Value
“A way to think about it is if, let's just pretend you're growing a hundred percent a year, and then you raise a growth round for twenty-five million dollars, you sell a third of your company, and now your share count is a third bigger. But if your growth rate …”
Insight
Singh: Startups should generate $1 of ARR for every $1 raised
“My view is, you know, if you raise a hundred million dollars, you should be able to generate a hundred million dollars of error off of that platform over time to pay back for the time that it takes to get to that hundred million dollars.”
Insight
Singh: Platform software products are vastly more durable than single vertical solutions
“Because the platform product is way more durable than the single vertical product. And the single biggest problem people make in investing and starting companies is they think they, because they get a lot of great feedback from their customers because they're …”