2016 has been a rocky year for the technology industry. The S&P North American Technology Software Index dropped by 22% in single month earlier in the year. While a handful of technology companies have recently had successful debuts, for the first six months of 2016, there were only two VC-backed technology companies to go public including Matrix portfolio company, Acacia Communications. Finally, there was a broad shift in mentality from growth at all costs to the need for sustainable growth and a path to profitability.

Given we are nearing the end of the year, I wanted to share a few charts on the software space which I feel highlight this key theme and illustrates where we are today.

The charts below contain an index of public software companies, including players like Box, Workday, HubSpot and Zendesk. I pulled their current valuation multiples, their projected three-ye…

saas software market

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