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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

This is Part 2 of a two-part examination of the state of the startup capital market during the past two years. This transformation has already led to an increased number of startup failures, a growing venture capital reset2 and 210,000 tech sector layoffs since the start of 2022. 2 A (temporary) venture capital reset?

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What's Happening to the SaaS Market?

Tomasz Tunguz

Because the publicly traded SaaS companies continue to grow and because the economic environment is relatively stable, I’d argue the multiples will revert to right around the median, in the 4-5x range. I think it’s unlikely we touch the lows marking the financial crash.

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