“I honestly didn’t think it could get any worse.”
What is software? A valuable company? This demand is not idle, but encourages massive private market investment and human effort.
In the year By 2021, the projected value of software revenues has grown, pushing tech companies’ valuations into the stratosphere for a longer cycle. Starting in late 2021, however, the decline in technology prices in both the private and public markets has completely shaken up the game. And then tech stocks after a quarter of declines Friday took another guta key index that tracks cloud prices, and SaaS stocks hit new 52-week lows.
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To express SaaS investor Jason Lemkin. We didn’t think it could get any worse after the sale.
Optimism for that misplaced. The recent sale is news in itself, but after examining recent contracts, it’s worth asking the question that lurks behind the entire software evaluation report: Have we been using the right evaluation metrics all along?
Probably not. And if not, we’re looking at not just valuations of software companies, but perhaps valuations of new technology in general. It will not be attractive to beginners. Public technology companies are also in the process of making the shift.
