TJ's Predictions for 2019

Here's a somewhat abridged list of some of the things that I expect to come true, at least in part, in 2019. While it's an evolution of an internal newsletter I share with old colleagues and friends, I thought I'd share these with the world at large this year to invite discussion, meanderings, or just give you all something to think about as we enter this year of uncertainties and excitement. The IPO market will have a killer year with multiples of SaaS companies trading above 8x while the M&A market will see a significant downturn, especially among public companies and at the $5B level given the recent market swings and their effect on risk-adverse CEOs and boards that have to worry about quarterly earnings. Blockchain technology will have a decidedly mixed year. After a mix of hype, fraud and regulatory challenges, there are still thousands of startups attempting to solve a myriad of very real problems, and the likelihood of one succeeding is high.