SaaStr 597: VC State of the Market with SaaStr CEO Jason Lemkin and Cowboy Ventures Founder & Managing Partner Aileen Lee
The Official SaaStr Podcast: SaaS | Founders | Investors
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Is This a Good Seed Deal for Cowboys?
Last year people were able to raise 100 times revenues, right? This year, best in class companies with great margins and great ACVs are trading at 10 times revenues. I think that Series A is we're going to be back to $8 to $12 million, and Series A evaluations will be back to 20 to 35, 40 pre. And B is we'll be back to 100 pre, instead of 400, 500 pre. But they don't realize that things are still going down. They only understand the world we've lived in for the past three to five years. It's like a bargain basement market today.
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