Venture fund investing seems shrouded in mystery, lurking behind veils of numbers, formulas, and industry specific jargon like ‘series seed’, and ‘GP catchup’ (not a condiment), and ‘power-law distribution’. It is perhaps this aura of opacity that prevents the investor from including venture in his portfolio. But the asset class has, despite general sentiment, impressive and consistent returns while also showing resilience to market shock and relative uncorrelation with other assets.
How does SaaS perform in a recession? Seems like this is an important question during a pandemic inspired recession. We were asking ourselves this question back in March when the pandemic caused widespread market sell-offs. The question drove the research that is in this report.