Maintaining the random surveys of the public markets, two situations happened this week that are worth the time.
First, a third national technology company , Alphabet , crossed the trillion market capitalization inception.
And, second, software as a service (SaaS) stocks touched record-breaking highs on the public markets after leaving over last summer.
What Does This Indicate?
The two events, only moderately related events, show how reasonable the public waters are for technology firms today, a reality that should spread warmth into the individual market where startups, and their investment capital supporters, work.
The events are good headlines for technology startups for plenty of reasons, including that significant tech players have never had as much money in hand with which to acquire smaller companies, and stable SaaS valuations benefit both smaller startups fundraise, and their bigger brethren probably exit.
Certainly, the stridently good valuations that larger tech companies and their smaller siblings have today should be just the kind of market circumstances under which unicorns desire to debut.