Aug. 17 at 1:05 PM
$DOCU
I have a feeling that workday buyout was exit liquidity. Tread carefully and secure some profit in SaaS please 🙏
Bending Spoons acquiring Airtable for
$2.25B EV (~2.7x ARR down from an
$11.7B peak) despite growing ~20% ARR is a massive wake-up call for SaaS valuations.
I’ve followed Roy Mann’s platform vision for
$MNDY closely, but when high-quality workflow platforms generating
$480M+ ARR can’t escape private market multiple compression, public multiples are bound to feel the drag.
$MNDY is executing on profitability and enterprise transition, but as top-line growth settles into the low-20s, the macro re-rating across work management SaaS is real. Watching how the market prices this multiple shift
