10+ hours of podcasts, in 5 minutes.
3 quotes from 2 episodes on 20VC with Harry Stebbings, each with a timestamped link to the source.
Software companies face severe pressure as enterprise buying stalls, Jason Lemkin said. Customers stopped purchasing software, and Jason Lemkin observed that no rival PE firm stepped up to acquire AirTable.
Software vendors without large scale face trouble because customers do not want to buy software.
“I think everyone without massive scale is living a worse apocalypse than in March or April because no one wants to buy software. Everyone's breathing a sigh of relief. I don't think we should be breathing any size of relief.”
No PE firm stepped up to bid on AirTable during the sale, which surprised Jason Lemkin.
“…the shocker to me with air table wasn't the price because I think it's low market the shocker to me is no one else stepped up no PE firm no Tommo bravo no Vista.”
From AirTable's $11B to $1.285B Sale: What SaaS Founders Missed
Companies previously could IPO at $500 million, Jason Lemkin recalled, before public market thresholds rose.
“I wonder if when we started the show, it seemed like 500 you could IPO at 500 million…”
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