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Sure. Recessions tend to last a couple years.
by staticautomatic 4y ago
Sure. Recessions tend to last a couple years.
- dragonwriter 4y ago> Recessions tend to last a couple years. No, they don't. The Great Recession—the longest recession since the Great Depression—lasted 18 months. The COVID recession, the most recent and shortest post-Great Depression recession, lasted 2 months. The median post-Great Depression recession has been 11 months. EDIT: Also, however, note that the upthread comment was more about the length of bear markets, not recessions. Those are somewhat correlated but not equivalent.
- sirspacey 4y agoAppreciate the distinction here. My POV may be outdated because most SaaS founders I know were building companies with few IPO reference points for valuation vs today. Still seems the psychology/argument for rejecting significant multiplies on rev hasn’t changed even though the facts on the ground have. I’m concerned a generation of founders may underplay their hand while VCs benefit from overstating the impact of current market conditions on future valuations.