This post is by Jason Lemkin from SaaStr
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It can be harder than you might think. The further you are along in your career, the easier it is to have the time, networks and personal capital to be an investor. No question. And it can take a decade or more to make any real money from investing. It’s hard to have a way to do that, for most of us, at 21. We just don’t have the resources, the background, or the network. So one might think 45 or so is sort of the perfect age to start. Imagine you’d built a successful company or two, still had tons of energy but enough zen and experience to prefer to help others at the next stage. That all makes sense. 45 is a great time to transition to helping the next generation, if you were fortunate enough to have success earlier than that. Maybe the best time of all Continue reading "How difficult is to become a venture capitalist after 45?"
“Mapistry makes permit compliance easy, just like TurboTax did for taxes. We are focused on permits that rely heavily on maps. It might surprise you to learn that over 200,000 permits will be submitted in the US by industrial facilities and construction sites this year. With Mapistry, our customers complete their permit in 1 hour instead of 40, saving them thousands of dollars. “ Mapistry is a Berkely-based startup that helps companies comply with stormwater regulations. The company focuses on
Reading the news in the past week made me wonder. Just where are we pricing SaaS companies today? The Nasdaq and the S&P have toyed with a bear market. Many stocks are down 10 to 50%. Absolute valuations are one consideration, but let’s understand it at a deeper level. Have multiples compressed?
The answer is yes, they have, but enterprise value to forward revenue multiples are still at some of the highest levels for SaaS companies in the past eight years.
In February 2014, forward multiples touched 7.7x. Then prices began a long descent into the February nadir at 3.3x forward. The market pushed higher for nearly 36 months to a new high in September 2018 at 9.5x forward.
Yes, we have fallen from 25% from highs. And that’s quite a correction. But we’re not close to the 8 year median of 5.2x.
The most highly
