The Great SaaS Exodus that Never Was

A Twist in the SaaS-y Tale

Hold on to your seats, folks, because the Software-as-a-Service (SaaS) universe just pulled a classic plot twist, that even M. Night Shyamalan would be proud of. Forget your cappuccinos and espressos, because the second half of 2022 was officially less frothy than a flat white.

When the Party is Over

In the modern tech tango, there’s nothing we love more than a good exit strategy. Unfortunately, for our SaaS superstars, 2022 was a bit like that awkward guy left at the end of the party. Yes, the one who overstayed their welcome. The year witnessed the most dismal exit activity since 2016, back when Pokemon Go was all the craze and the world was a much simpler place. We’ve come a long way since then, just not in SaaS exit strategies it seems.

Hot Take

In the grand scheme of dizzying tech highs, this drop in SaaS exits feels like that one friend who gives up the pub crawl for an early night. It’s a just bit underwhelming. So, chin up SaaS, we’re all secretly rooting for your comeback.

“Change is hard at first, messy in the middle, and gorgeous at the end. Here’s hoping for a gorgeous future for SaaS!”

Note: No real software was harmed in the making of this article. Any resemblance to real tech events, past or present, is purely coincidental… and a little hilarious.

Original article: https://techcrunch.com/2023/10/26/saas-follow-on-rounds-slowdown/