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 Overhang of 2022

The markets really peaked just at the end of 2021. I remember one of my first group of investments from 2013 to 2015 was sales off. They got bought for almost $2.5 billion in cash and it closed December 31st, 2021. And they just crossed a little over $100 million in revenue. So at the time when deals were being done at really high multiples, it was like 20x,. But then it actually was a decent deal for a PE workout.

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