4min chapter

This Week in Startups cover image

SaaS multiple compression, downturn outlook & advice for new VCs with Jason Lemkin of SaaStr | E1461

This Week in Startups

CHAPTER

The Multiple of the COVID IPO

Saster: I did not foresee it. Efficient markets should have taken account to a lot of this, right? This is why I'm a bit of a bull because I don't believe an efficient market in SaaS is good for the long term. Bill.com grew at 179% last quarter and margins were 79%. And the stock falls 18%. Like, I get why it might fall, but that's overreaction, right? We didn't know what world we were in.

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