Predictions for 2019

Venture capitalist Tomasz Tunguz forecasts that 2019 will see a meaningful slowdown in M&A (especially mega-deals), continued strength in the IPO market with SaaS multiples remaining elevated at 8x forward revenue, and emerging opportunities in blockchain, cloud incumbents, and data engineering. The article reviews his 2018 predictions with mixed results, noting correct calls on M&A activity and open-source disruption, but misses on blockchain enterprise adoption and opinionated software stacks.