2min chapter

Animal Spirits Podcast cover image

Ready to Pop (EP.295)

Animal Spirits Podcast

CHAPTER

Is Stripe Doing a Clean Down Around Healthy for the Ecosystem?

The private market SaaS ARR, which is annually recurring revenue, multiples. This went from under 2017 to 2018 to 25 and 19 to 40 in 2020 to 110 in 2021. Many companies that raised at absurd multiples will need to raise again soon. It's going to be hard for new entrepreneurs to raise money because so many VC and private funds are going to have to put money into shore up their existing holdings.

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