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Praying to the God of Valuation

Both Sides of the Table

And then in the late 90’s money crept in, swept in to town by public markets, instant wealth and an absurd sky-rocketing of valuations based on no reasonable metrics. We had nascent revenues, ridiculous cost structures and unrealistic valuations. Between 2006–2008 I sold both companies that I had started and became a VC.

Valuation 466
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Can You Trust Any vc's Under 40?

Steve Blank

Posted on September 14, 2009 by steveblank Over the last 30 years Wall Street’s appetite for technology stocks have changed radically – swinging between unbridled enthusiasm to believing they’re all toxic. While there was an occasional bad apple, the public markets rewarded companies with revenue growth and sustainable profits.

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Cracking The Code: SaaS Multiples: Recovery or Bubble?

Cracking the Code

It would have been easy to explain the difference by changes in the 2010/2011 revenue growth projections but unfortunately that is not the case. In comparison, the overall technology sector growth was projected at 9-10% in early 2010 and this forecast did not change significantly today. revenues while large caps are trading at 6.4x.

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Cracking The Code: State of the SaaS 13: Q1 2010 Sentiment

Cracking the Code

Given the predictability of SaaS GAAP revenues on a quarterly basis, the fact that the 08/09 projections were unchanged is not a surprise. Given that the revenues are not growing very fast, this means that most of the companies have reduced their sales force and focused on productivity improvement. Venture Capital. (3). Blog Archive.

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Cracking The Code: Cloudonomics and 2010 Planning for your.

Cracking the Code

In search of Europe's next tech stars. Churchill Club 2008 Top 10 Tech Trends. SaaS business metrics: why are they different? The recession created opportunities! Venture Capital. (3). Blog Archive. ► 2012. (1). ► 01/15 - 01/22. (1). BlablaCar - Travel Revolution. ► 2011. (2). ► 07/31 - 08/07. (1).

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Cracking The Code: Impact of the recession on SaaS.

Cracking the Code

This strong recovery has highlighted the resiliency of the recurring revenue model in a downturn as well as the stength of the shift to soaftware-as-a-service and cloud computing. In other words, how much of the decline in revenue growth is due to signing up fewer customer vs lower revenues from each new customer.

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The Seeds Have Changed: An Epilogue to The New Venture Landscape

K9 Ventures

As the check size increases, investors tend to look for more traction, established revenue models, proven unit-economics, and other metrics that were previously associated with later stage companies. So if the Micro-VCs are looking for Series A-like metrics, what does a company do when it’s just getting started?