https://techcrunch.com/2022/03/14/your-startup-raised-at-40x-revenue-whats-it-worth-at-say-6x/

Another day, another 52-week low for the value of modern software stocks.

Once a key indicator of the market’s effervescent enthusiasm for the value of cloud companies, the Bessemer Cloud Index has become a barometer of the opposite in recent months. After a dizzying ascent, the basket of public software companies has given back all its gains since May 2021, and is not that far from losing 50% of its value since it reached record highs in late 2021.