Less than 4.7% of VC-backed startups IPO — It is every startup’s dream to go public. An IPO is the pot of gold at the end of the startup rainbow. As one of my startup friends says “All the blood, sweat, and tears will be worth it. I will finally get my dream Malibu beach house!” The unfortunate…

Median valuations declined 54% from 2021 — The Software Equity Group (SEG) regularly publishes quantitative research on the software and SaaS market M&A activity. The SEG SaaS Index contains dozens of publicly traded SaaS companies. They recently published their SEG 2023 Annual SaaS Report. It provides a ton of data on SaaS valuations and financial operating metrics…

I belong to a Facebook Group called Product Management Memes. It has over 6,232 members and is simply a meme stash for product managers…

I belong to a Facebook Group called Product Management Memes. It has over 6,069 members and is simply a meme stash for product managers…

With Some Important Twists — Elon Musk’s $44 Billion takeover of Twitter will be another radical shift for the software industry. In many way what has transpired in the past week reminds me of Private Equity Tech M&A in the early 2000s. There are some very important differences however. …

Median SaaS EV/Revenue Multiples Decline 62% Since Q3 2021 — The Software Equity Group (SEG) regularly publishes quantitative research on the software and SaaS market M&A activity. The SEG SaaS Index contains 110 publicly traded SaaS companies. They recently published their SEG Snapshot: 3Q22 SaaS Public Market Update -you can download it for free here. It provides a ton of…

Surprisingly, The Answer May Be No — Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.” In late 2022 it is clear that the SaaS market is in trouble. The Nasdaq is off over 34%. Median Enterprise…

A few chuckles to start your day with —