TLDR
Investing in the IPOs of the 75 or so SaaS companies would have netted you 5x in less than 5 years. But the sizes are still a fraction of the larger enterprise companies, compared to not just Microsoft, but SAP, Oracle or even Salesforce. In the private markets, these companies are even more attractive because you can create a decacorn through exploiting one (or one plus a couple of adjacent) niche, and that’s a large enough exit potential that it trivialises the factor. But at the same time if you are a late stage investor or a public market investor, it looks much harder to see where the 5x upside could come from.via the TL;DR App
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Written by rohit-krishnan | rusty coder, venture capitalist, economist by training, iterating through life
