I feel like everyone is freaking out because we went from almost unprecedentedly high tech valuations in 2021 back to ~historical norms today, which feels bad.

I feel like everyone is freaking out because we went from almost unprecedentedly high tech valuations in 2021 back to ~historical norms today, which feels bad. Example: For all of the years that I was working in SaaS between 2008 - Covid, I assumed that I should plan for a ~10x revenue multiple in the optimistic case.