Novice Investor #21 - SaaS DCF Valuation, Generative AI and the Neoclassical Growth Theory
cillian.substack.com
It is the start of 2023 and it feels like we are heading into an exciting year. Are we through the worst of the hard times or are we headed into a death spiral of layoffs and higher inflation? With most media outlets and economic experts saying a deep recession is inevitable, the contrarian in me is remaining cautiously optimistic. Irrespective of how the economy performs, backing solid, capital-efficient software businesses minus the crazy ARR valuation multiples seems like a good strategy.
Novice Investor #21 - SaaS DCF Valuation, Generative AI and the Neoclassical Growth Theory
Novice Investor #21 - SaaS DCF Valuation…
Novice Investor #21 - SaaS DCF Valuation, Generative AI and the Neoclassical Growth Theory
It is the start of 2023 and it feels like we are heading into an exciting year. Are we through the worst of the hard times or are we headed into a death spiral of layoffs and higher inflation? With most media outlets and economic experts saying a deep recession is inevitable, the contrarian in me is remaining cautiously optimistic. Irrespective of how the economy performs, backing solid, capital-efficient software businesses minus the crazy ARR valuation multiples seems like a good strategy.