When UiPath filed to go public in March of 2021, it had just closed a $750 million round that helped it get a $35 billion valuation.
After debut, its initial IPO price range was slightly below that figure, but it bounced back to a $43 billion valuation at $90 per share.
UiPath is currently trading at $18.36 per share.
Ron Miller wrote about the fastest-growing area in enterprise software a year ago. The sector grew at over 600% per year and attracted investors and larger enterprise software vendors.
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The company fits neatly into the high-growth SaaS bucket because it grew its revenue by 39% last quarter. Its valuation has plummeted to just under $10 billion.
To understand the reversal of fortune, they took a closer look at the revenue multiples of the SaaS companies and the RPA market to see if the sector still has as much potential as people think.
They are the strongest company in the segment and well financed in this growing market.
Did UiPath's valuation get hit by the same shrink ray affecting other software companies, or are other factors at work?
According to Ron and Alex, the case of UiPath is not easy to navigate.
This week, I would like to thank you for reading.
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Getting to the bottom of UiPath’s plunging valuation
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If you want to take down the 800-pound gorilla, you need to make a better product.
All of the things that we have talked about prior to this one point kind of lead to this concept.
Here is a full transcript of their presentation and Q&A session.
Felicis Ventures partners share the four pillars of scaling a SaaS startup
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