Yep, this tracks with my experience, having been in an agency during this period and downstream from SaaS revenues. Our business volume maps almost perfectly to this ARR chart.
Very useful observations, Jamin. Perhaps all is not rosy in the tech world, even though their stocks are being bid up by short term traders and retail FOMO...BFTD on hopium is not a prudent strategy in these times.
I think there are a lot of people that are pausing right now, Enterprises are looking to reduce or mitigate costs and so they may not be adding and looking for ways to cut. At least a lot of the conversations I'm having center around that, with the uncertainty in the economy right now.
Yep, this tracks with my experience, having been in an agency during this period and downstream from SaaS revenues. Our business volume maps almost perfectly to this ARR chart.
Very useful observations, Jamin. Perhaps all is not rosy in the tech world, even though their stocks are being bid up by short term traders and retail FOMO...BFTD on hopium is not a prudent strategy in these times.
I think there are a lot of people that are pausing right now, Enterprises are looking to reduce or mitigate costs and so they may not be adding and looking for ways to cut. At least a lot of the conversations I'm having center around that, with the uncertainty in the economy right now.
Net new ARR trends indicate a slowdown in SaaS growth; 5 companies saw declines. Keep an eye on Q2 results.