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: https://techcrunch.com/2020/05/22/what-the-hell-saas-valuations/