SaaS stocks are at it again, and I think I’ve got it figured it out.

More precisely I think I’ve figured out what other people think is going on. After rigorous fact-checking by both reading tweets, making VCs talk to me on the phone, and chatting with the CEO of a $27 billion cloud company this morning, it all makes sense.

Some background to start, I think.

Read the rest here:

Image Credits: Annie Spratt (opens in a new window)Unsplash (opens in a new window)under a license. (Image has been modified)