SaaSletter - Brex Card Data, Cloud Cost Optimization + Curated Links
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SaaSletter - Brex Card Data, Cloud Cost Optimization + Curated Links
Plus Software Equity Group's SaaS M&A Report
Q2 2023 Brex Card Data
With *fresh data* now in for the first quarter post-SVB's failure, I'm updating charts from my "cost discipline" article Brex
New Brex Card Data: Some stability post-SVB -
Year over year data:
And zooming in, this is not just a chart scaling issue.
Of course, this "stability" is at a 14% average YoY decline in carded spend.
Cloud Cost Optimization
I’ve updated the “cloud cost optimization” search volume chart through June 2023:
Note the decline versus May.
(Caveat - search volume is volatile month to month. And other terms we watch - like AI for the Big 3 Clouds - exhibited similar patterns, suggesting some seasonality at play)
Both Microsoft and Google commented on their 2Q 2023 earnings calls that cloud cost optimization continues:
Curated Links
Software Equity Group released their Q2 2023 M&A report excerpted above
Intuit (owner of Quickbooks and Mailchimp) is creating an SMB ad-network
Goldman Sachs expects net-new ACV growth to be positive in Q4 2023, for the first time since Q2 2022
“R&D leverage in software: Multi-product greatness to drive terminal FCF” - nice post from
Clari’s CEO on “Top Ten Mistakes In Ten Years”
Kellblog on “What Do “Pipeline Coverage” and “Forecast” Mean When Your Sales Cycle is 30 Days?”
Cloud Ratings Content
We recently initiated coverage of the Sales Conversation Intelligence category.