Don't Get Full on the Salad Bar- The Good Assets Have Yet to Avail Themselves
davidpaul.substack.com
I have spoken to several investors over the last 18 months regarding the quality of their deal flow. They have all universally told me that it is mediocre at best. This is because all the good assets took huge rounds in 2021, and if the CEO was smart, they leaned out to grow into their valuations. One such example I have heard was an investor saying he had a $3M ARR cyber security company that raised $60M and now has seven years of runway.
Don't Get Full on the Salad Bar- The Good Assets Have Yet to Avail Themselves
Don't Get Full on the Salad Bar- The Good…
Don't Get Full on the Salad Bar- The Good Assets Have Yet to Avail Themselves
I have spoken to several investors over the last 18 months regarding the quality of their deal flow. They have all universally told me that it is mediocre at best. This is because all the good assets took huge rounds in 2021, and if the CEO was smart, they leaned out to grow into their valuations. One such example I have heard was an investor saying he had a $3M ARR cyber security company that raised $60M and now has seven years of runway.