Software 2021: The Rise of the Cloud
Battery Ventures
MARCH 4, 2021
The median valuation for a public software-as-a-service (SaaS) company in 2010 was three times forward revenue; now the figure is 15 times forward revenue, according to CapIQ data, with many companies trading above 30 times next-12-months revenue. We sit today at an all-time high. So, why is this happening?
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