This episode of Behind the Idea continues the interview I conducted with Akram's Razor, author of The Razor's Edge and longtime tech investor and Seeking Alpha author. We have the show notes below, and you can check out part one for background. Part one drilled in more to the PagerDuty (PD) short thesis, including why Atlassian (TEAM) has put a target on its smaller competitor, and what the limits are to PagerDuty's model and strategy.
The three major topics are the changing nature of competition in the SaaS (software as a service) sector, the importance of a targeted approach to shorting,and the work that can go into a short thesis.
Topics covered:
3:30 - The box that a company can be stuck in during their IPO period 10:15 - What makes for a winner or loser in this space? A Veeva case study. 15:00 - The problem with exciting, growing verticals 18:00 - How multiples have changed since the LinkedIn collapse of 2016 27:30 - Positioning amidst the current climate