If you’ve been paying attention to the world of Venture Capital in the past few weeks, you may be feeling anything from mild concern to a full-blown panic attack.

Yes, it’s true — there has been a downward market correction. To be more specific, SaaS valuations have dropped 57% and 77% of VCs believe funding will take longer than it has in the past. We all knew the insane acceleration of SaaS growth couldn’t last forever, and we have to adapt to this new reality. Just take a deep breath, and stay calm.

 

A slowdown in funding does not mean there’s a SaaS bubble, and it will not cause companies to fold overnight. However, it does mean that the way growing startups operate has to change. In a down market, the key to business success isn’t rapid growth — it’s survival.

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