Good news from Tech Crunch today!
New data indicates the optimism is returning to the market and latter stage SaaS start-ups are seeing increased interest again from investors, finally!
After a tough late 22 / H1 23, raising funds could be a little less scary…
Here at PIE we're seeing this reflected in an increase in confidence in hiring in early stage start ups, indicators usually being marketing, growth hacking and ballsy sales team hires.
Investors have sold off cloud stocks to the point where they are in bear-market territory when compared to 2023 peaks. As a result, the value of software revenue is now in the pits, which has led revenue multiples to reverse from where they were earlier this year. Still, the news is not all bad. New data indicates that startups are winning back their growth premiums with a vengeance. Late-stage startups that traded growth for cash may find it hard to accrete value, but early-stage startups that are growing quickly may have something to point to when they go out to raise money and ask for a better valuation.
Read the original article here