Blog - Practical Venture Capital

PVC SaaS Index™ | Q4 2024 – SaaS Multiples Rebounding

Aman Verjee

12.17.24

IPO
Public Markets
PVC SaaS Index
SaaS

A Practical Summary: Every quarter, we update our PVC SaaS Index™, a basket of publicly traded US-listed SaaS companies. This index provides a useful benchmark for how private companies should be valued when they find exits. Software as a Service (“SaaS”) has been around longer than the cool new cloud. While the SaaS category shares some aspects of

Finally! What Fed Rate Cuts Mean for Tech Valuations

Aman Verjee

10.05.24

Federal Reserve
Macro
Public Markets

Practical Summary: The Federal Reserve Board finally cut interest rates last month. This represents the first rate cut since the start of the COVID-19 pandemic in March 2020 and might be the most anticipated rate cut of all time. The US bond markets had been pricing in multiple rate cuts as early as September 2023,

PVC SaaS Index™ Q3/24 Update: SaaS Multiples Stabilized This Summer

Aman Verjee

09.01.24

IPO
Public Markets
PVC SaaS Index
SaaS

A Practical Summary: Every quarter, we update our PVC SaaS Index™, a basket of publicly traded US-listed SaaS companies. This index provides a useful benchmark for how private companies should be valued when they find exits. The median sales multiple in the PVC SaaS Index™️ has fallen to 6.0X EV / LTM revenue due to

PVC SaaS Index™ | Q2 2024 – Non-AI Revenue Slowing and Budget Pressure

Aman Verjee

07.08.24

IPO
Public Markets
PVC SaaS Index
SaaS

Practical Summary: *** This post is an update in a quarterly series of posts that tracks the PVC SaaS Index™, a basket of publicly traded US-listed SaaS companies. Software as a Service (“SaaS”) has been around longer than the cool new cloud. The SaaS category shares some aspects of cloud computing, but its focus tends

VC Fund Secondary: Buy the Winning Ticket at Halftime

Dave McClure

Stephanie Shorter

07.13.20

J-Curve
Liquidity
Secondary

Skip the J-curve. Buy at a discount. Cut the VC fund in half.

99 VC Problems But A Batch Ain’t One: Why Portfolio Size Matters For Returns

Dave McClure

05.22.15

How to VC
Portfolio
Power Law

Unicorns happen only 1-2% of the time, so portfolio size should include a minimum of 50-100+ companies to have a reasonable shot at capturing these elusive and mythical creatures.