Qubit: Venture Median IRRs Q1 2022
Although no one invests in venture for median returns, this chart is an intriguing example of the rise of unicorns in the latter half of the past decade.
Will those high IRRs persist over time?
We will soon find out.
Source:
Weekly Research Briefing: Chop, Chop, Chop
Tweets and Posts:
If public multiples don't rebound at least a bit, startups will still get funded at a decent clip
But they will have to be far more capital efficient than they've been in years
Retention curves are one of the most important graphs you should be looking at if you're building a software business.
It is one of the best ways to tell if your product is serving customer needs.
A primer on cohorts and retention curves:
These two concepts are the drivers of high SaaS valuations.
1️⃣ Ease and scalability of SaaS distribution
2️⃣ Ability to be a cash cow (very profitable) at scale
The issue is that these two key valuation drivers are becoming increasingly more difficult. Some thoughts here 🧵👇
Qubits are insights that we find and share with you.