A little lost in the conversation is the fact that things are pretty darn good for startups today, at least regarding access to capital, the IPO window, and valuations.
Lemkin said, in response to our Friday piece concerning software valuations, “enough with the glass half empty stuff,” adding in a later tweet that “[SmileDirectClub is] still worth billions [while] cloud multiples remain strong, if off all time highs.”
I’ve noted that SaaS multiples have compressed some; Lemkin’s argument is that they remain historically elevated.
I wanted to raise the point here as a reminder that we’re always looking at the latest happenings and news, which means that we don’t have the luxury of zooming out to the full historical landscape each day.
That said, our recent run of quarterly reports does zoom out, and I recommend you read any of the entries that you haven’t.