Where is the Alpha?
When we sold SupplyAI in early 2021, we didn't realize how well we had timed the market. Considering we are in July 2022 when there is a widespread confusion around recession, freezing of VC fueled startup financing world over and overall a feeling of slowdown we stand and wonder what the froth in the market was all about mere 3 months ago.
Why were companies marked up so highly and why aren't investors able to back those prices today?
And where will investors look for the elusive 'alpha'.
In technology SaaS, the industry that I have known and worked in so closely for the past 6 years, the answer is clear - it is growth. But not growth at all costs