Editor’s Morning Note: Let’s chat about Dropbox’s recent business milestone.
tl;dr: It’s getting more expensive to build SaaS companies and exits are weak. Here’s what that means for entrepreneurs and investors alike.
Editor’s Note: This post was written by Maxwell Wessel & Shiv Sachdev of Sapphire Ventures.
tl;dr: Annual recurring revenue (ARR) isn’t worth what it was. That’s just fine, but it matters for your startup’s valuation.