The Official SaaStr Podcast: SaaS | Founders | Investors cover image

SaaStr 667: The 2023 Mid-Year State of the Markets: Why Efficient Growth is Key with SaaStr CEO & Founder Jason Lemkin

The Official SaaStr Podcast: SaaS | Founders | Investors

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The State of AI in the Bay Area

If the average public company reflates to 10x, VCs are going to be able to make more money. But again, it's been 18 months and we haven't seen it. The only thing anyone is interested in the Bay Area is AI. They don't want fake AI. What they really want are companies that can grow at insane rates because they displace human beings. And so that's what we're looking for. Not enough of these companies are going to go from one to a hundred in two years. We'll see what happens in SAS. This year was the slowest year so far for SAS IPOs. Last year was the second slowest ever. Then 2021

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