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The B2B Category the Markets “Hate” the Most Today: GTM

Salesforce agreed the other day to buy Braze for $5.66 billion, 6.8x trailing revenue. In most of B2B that price would be unremarkable. In go-to-market software it's a 58% premium, because Braze traded at 3.7x on Monday. I pulled the multiples for the public GTM and...

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Annual Contracts: Maybe Not All They Are Cracked Up To Be

Annual contracts seem so great. VCs love them, and they do seem to reduce churn. Seem to.  In fact, when CROs struggle to hit a plan, they often want to push customers onto annual contracts.  That and pricing increases are classic go-to moves. I've long been a vocal...

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The B2B Category the Markets “Hate” the Most Today: GTM

Salesforce agreed the other day to buy Braze for $5.66 billion, 6.8x trailing revenue. In most of B2B that price would be unremarkable. In go-to-market software it’s a 58% premium, because Braze traded at 3.7x on Monday. I pulled the multiples for the public GTM and front-office apps and compared them with infrastructure and security….
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