Cornelius
561 posts

Cornelius
@thewideworldweb
Founder @ Seosapient ( https://t.co/UlZ1JgPmlt ) Founder @Verbatik ( https://t.co/BwgVpIBzil )



I am worried by the constraining exit options for venture backed companies: 1. IPOs: You can’t IPO with less than $500M in revenue and even then, it’s not a slam dunk. Everyone that has so far has been a s*** IPO. 2. Acquisition by Incumbent: Yes but they are so specific. Very specialised in what they want. Not nearly big enough demand side for the supply of venture backed companies. 3. Private Equity: More closed than ever. Thoma, Francisco, Clearlake are on a portfolio of zombies that will likely follow the same fate as Medallia. Will cause them to pull back significantly from SaaS M&A. This is not good.

JUST IN: Spotify stock crashes -14% on the day.






















