353. The Current State of Venture, SaaS Growth Versus Efficiency, and Predictions for a Market Correction (Doug Pepper)
The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified
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Is the Overhang There? Is It There?
I don't think more growth, but growth, and they'll demand more efficiency. And why will private market investors demand that? It's because they know that the public markets are demanding that already. The very best companies do better than 30% growth plus 10% free cash flow margin. Those are the businesses that we see be the most efficient and drive that Rule of 60 or better.
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