Qubit: Christoph Janz (Point Nine) on SaaS Funding in 2022
Unlike last year, investors today are paying more attention to capital efficiency and valuation.
The message to founders: do more with less.
“Given the drastic change in the funding environment that started in February, creating the 2022 version of the napkin was particularly interesting. It was also tricky because the market has changed so much in the last few months and may continue to do so. In times like this, measuring the market’s temperature by looking at historical data comes with the risk of being embarrassingly wrong just a few months later. In fact, that’s why we hesitated to get a printed version of the napkin out throughout 2020/2021. Valuations of 100x ARR weren’t unusual, especially in the second half of 2021, but I guess we didn’t want to eternalize them by printing them on a napkin.”
Source:
What does it take to raise capital, in SaaS, in 2022?
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