valuation vs. revenue

In your project management dreams.
Drastic price increases. New transcripts this week.

February 13, 2023

For what it’s worth

Hi there,

Last week, we highlighted how tech valuations are tumbling from their inflated highs.

For private companies that notched sky-high valuations in 2021, living up to them is now a tall order — especially when compared to the valuations of their public market peers.

Case in point: the collaboration & project management software market.

Below, we dig into market data on funding and valuations across vendors in the space. We also highlight primary intel on these vendors gathered from interviews with software buyers.

Hit those KPIs

Companies like Airtable and ClickUp — which help teams communicate, collaborate, and manage projects more efficiently — raised massive funding rounds in 2021. Airtable alone accounted for $1B+.

2021 also saw the exits of Monday.com (went public at a $5.8B valuation) and Wrike (acquired for $2.3B).

Fast forward to today, and many private market players are looking overvalued compared to their public market counterparts.

Airtable’s valuation is 2x Monday.com’s, for example.

Although private market players have raised at higher valuations, the public players in collaboration & project management have reported dramatically higher revenues.

Customers can compare these vendors across revenue multiples and other efficiency stats in this brief.

First-hand knowledge

What are software buyers saying about specific collaboration & project management software vendors?

Conversations with customers reveal areas of opportunity, competitive advantage, and more.

Below are some quotes from Yardstiq (get full access to these convos here).

Asana wins on integrations vs. Wrike

CSAT score: 9/10