Part of the distaste is that many of these SaaS stocks are trading with valuations as if they're already at the far end of the J-curve. The market, evidently, a

Part of the distaste is that many of these SaaS stocks are trading with valuations as if they're already at the far end of the J-curve. The market, evidently, agrees with Marc, so I'm not quite sure what he's complaining about.