Jason M. LemkinCEO, SaaStr · Co-Founder of SaaStr AI, SaaStr Fund, Adobe Sign

The Uncertain Future of Public SaaS Companies and Investing

26 Jan 2024 · 0 min

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0:26

Jason M. Lemkin, in a January 26, 2024 YouTube talk, expresses worry about the state of public SaaS companies and investing: public SaaS growth decelerated to its slowest pace ever last year, public market multiples have been 'crummy' for three years, and some of the deceleration may be permanent—making investing in public SaaS companies especially challenging.

And this is the first year I'm worried, and I'm not worried the fact that we're trading at 6x, but I'm kind of worried about that because we're in the third year of crummy public multiples. Like, I am worried about public multiples. It's tough for investing. I am worried, just worried that we like the deceleration that we saw last year, that public SaaS companies growing at their slowest pace ever. I'm worried some of it may be permanent.