I think counter-cyclical SaaS business are well-poised for some favorable term sheets this quarter, which sounds like your setup: enjoy it! :)
Our product is consumer facing (so it lags the cycles a bit, we can't triple our sales team this quarter and immediately double our revenue), and in an industry with regulation-capped margins (effectively capping ROI, without market expansions). Maximum profit percentage is in the single-digits, but revenue is measured in billions, so it's a small slice of a big pie.
All this to say, we're a fairly conservative investment, so VCs don't look to us to save their currently-imploding portfolios, like they might look to you. Again, enjoy it! :)
We are enterprise, that is probably a key difference! I can easily see consumer being more tenuous in the eyes of investors because there are going to be far more questions about what consumers are willing to spend in current conditions. All of our customers have plenty of cash in theory, we just have to encourage them spend it with us. :)
Our product is consumer facing (so it lags the cycles a bit, we can't triple our sales team this quarter and immediately double our revenue), and in an industry with regulation-capped margins (effectively capping ROI, without market expansions). Maximum profit percentage is in the single-digits, but revenue is measured in billions, so it's a small slice of a big pie.
All this to say, we're a fairly conservative investment, so VCs don't look to us to save their currently-imploding portfolios, like they might look to you. Again, enjoy it! :)