Every week I’ll provide updates on the latest trends in cloud software companies. Follow along to stay up to date! Update on Multiples This week was quite volatile for cloud software businesses. Only ~10% of the cloud software universe I track ended up with a higher share price this week then one week ago. However, when looking at overall median cloud software multiples - we are still 13% above pre-covid highs, 37% above where we were on Jan 1, 2020, and 11% above the previous peak in August 2019.