Axel Makangu

[Axel Makangu @axelmck]

Thibaut Courtois 🇧🇪
#UCLfinal

[Mary D'Onofrio @mcadonofrio]

🧵 Next installation of Parting the Clouds out today

Takeaways:
📉 ^EMCLOUD off $1Tr in market cap, down (43%) YTD
✖️ Current mean multiple 7.6x ARR, returning to 2017 levels
⚖️ Markets valuing efficiency (growth + profitability) over growth alone

Read👇
https://t.co/D1KxzvbYIh

[Mary D'Onofrio @mcadonofrio]

1/ As the unicorn herd has grown to 1K+, @AdamRFisher and I @BessemerVP sought to identify a new milestone for cloud founders that cannot be gamed - one rooted in business fundamentals and divorced from market sentiment.

Introducing the "Centaur" : A $100 Million ARR business 🧵

[Orlando Bravo @OrlandoBravoTB]

The inv style of just buying the best product in a large TAM, paying big ARR multiples for cos with very high burn rates, valuations based on “long-term margin targets,” and a world where every subsequent round had to be an up round…All that is over

[Bessemer @BessemerVP]

The great SaaSacre of 2022.

Public cloud ☁️ stocks have fallen in 2022 📉, with the Cloud Index down 40%. But which categories have fared the stormy weather?

@NextBigTeng has the weather report ⬇️
https://t.co/WoNtsAN8WV

[Gergely Orosz @GergelyOrosz]

Uber was founded in 2009, Datadog in 2010.

7 years ago, Uber was valued at $62B, Datadog at ~$150M.

Today, Uber is valued at $63B, Datadog at $43B.

Keep this in mind as you consider joining private companies with extraordinary valuations already. They might be a next Uber.