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What do investors bidding up tech shares know that the rest of us don’t?

What do investors bidding up tech shares know that the rest of us don’t?

It’s all about rising TAM
The biggest story to come out of the post-March stock market boom has been explosive growth in the value of technology shares. Software companies in particular have seen their fortunes recover; since March lows, public software companies’ valuations have more than doubled, according to one https://www.bvp.com/bvp-nasdaq-emerging-cloud-index]basket of SaaS and cloud stocks compiled by a Silicon Valley venture capital firm.
Such gains are good news for startups of all sizes. For later-stage upstarts, software share appreciation helps provide a welcoming public market for exits. And, strong public valuations can help guide private dollars into related startups, keeping the capital flowing.
The Exchange explores startups, markets and money. You can read it https://techcrunch.com/subscribe/?tpcc=theexchange]every morning on Extra Crunch, and now you can receive it in your inbox. Sign up https://techcrunch.com/newsletters]for The Exchange newsletter, which drops every Friday starting July 24.
For software-focused startup companies, especially those pursuing recurring revenue models like SaaS, it’s a surprisingly good time to be alive.
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