‘”The fuckin’ frogs are getting their faces ripped off.”
That line — uttered by someone called “The Human Piranha” — is from Michael Lewis’ book, Liar’s Poker — about his time working for Salomon Brothers.
(I once met someone who worked for Salomon. It turns out the Piranha was a real person and actually talked like that.)
I was reminded of this quote when I was reading about crashing startup valuations.
The tl:dr version is that the easy money is drying up — possibly by as much as 70-80%.
And, without that easy money, two things are happening…
#1: Startups are desperately looking for a way to make their existing funding last longer. Because, if they don’t, they’re going to have to give up a LOT to get more funding.
The phrase “motivated borrowers” comes to mind.
#2: A lot of VC firms are left holding the bag… a rapidly-depreciating bag.
Fortunately, there’s a strategy to handle economic conditions like these…to increase your revenue, increase your profit — while reducing your payback period and burn rate.
And, it’s all explained in my book, The SaaS Multiplier Method, which you can download from this website (no signup required).
I used this very strategy to increase one SaaS business’ PPC profits 643% in just 7 months. And you can use it to increase your PPC profits, too.
(In fact, chapter 6 is titled, ” What does this mean for profit, payback period, and burn rate?”)
Check it out,