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ChatGPT & Taylor Swift

Tom Tunguz

For each of the 14 weeks, more people searched for ChatGPT than Taylor Swift according to Google Trends data. In 2008, after the iPhone app store launched, we asked each other, is there an app for that? But Minnesotans & Idahoans & Vermontans are searching for ChatGPT. People are curious about AI.

ChatGPT 354
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What Could the Venture Market Look Like in the Coronavirus Era

Tom Tunguz

The most recent event to use as an analogy is the 2008 financial crisis. In 2008, I had just joined the venture industry, and then Lehman fell. That grew to about $5B per quarter in 2007 and early 2008. Let’s break down the trends by series. If history is a guide, though, we can look to the 2008 financial crisis.

Marketing 331
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The Fundraising Market Two Quarters into COVID

Tom Tunguz

We reviewed the data in May and compared it to the effects of the financial crisis in 2008 on startup fundraising. As a reminder, 2008 saw a 40% reduction in venture dollars invested in startups. These corrections match 2008. It took about six to eight quarters to return to normalcy. But the patterns this time are different.

Marketing 363
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Don’t Draw The Wrong Conclusions from 2022

SaaStr

Change at a pace we haven’t seen since 2008, when the world of SaaS was just so, so much smaller. Market valuations did, no doubt But not the overall trends of both SMBs and enterprises buying more SaaS than ever. But they do bounce back fast. — Jason Be Kind Lemkin  (@jasonlk) December 30, 2022. And then … crash.

Trends 260
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Doubling Down: Peter Specht, Partner at Creandum

SaaStr

The market is currently witnessing a positive trend in terms of both velocity and investor interest. Creandum led the first institutional round in 2008 and it became Europe’s largest tech company to go public ten years later. The importance of focus is often forgotten. #4. What’s an “exit” you’re particularly proud of?

Payments 194
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The Three Valuation Lows in SaaS: 2013, 2016, and 2022

SaaStr

Public multiples often were around 4x-5x in 2008, and then the global meltdown came, and public multiples fell to as less than 2x revenue for a while. Then, well, right after we sold EchoSign to Adobe way back in 2011, things picked up, with a slow with material and steady increase in public multiples from 2012 to 2015.

SaaS 219
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The SaaS Year of Hell. And Then – Reignition.

SaaStr

I wrote an early SaaStr post way back in 2013 on my “Year of Hell” as a SaaS CEO in 2008. My personal Year of Hell was 2008. You can basically see it here in our Google Trends: The strange thing to me isn’t that almost everyone has a Year of Hell. Accept it and keep pointing to True North, to the Alpha Quadrant.

Scale 329