revenue multiples are 6.91x on median
IRR of 123 tech co's since IPO is 17%
They haven't been this high since before 2008
Median revenue multiple is 6.80x
Analysis of 43 public SaaS companies
Also median raise is $2mm, growth is 100%, and burn is -$57k
~10x ARR has been a consistent trend over the past 3 quarters
Series A companies with median MRR of $70k are asking for 9.6x ARR
Cash efficiency and margins matter for valuation
At 4.94x, Q1 2016 showed big improvement from last quarter
SF was immune from the re-pricing, but maybe not anymore
Startups are getting less aggressive on the ask
because you never know what someone will pay.
Say no to an acquirer, and they likely won't come back
The title says it all.