The Current State of Software Investing

Over the last few months, we have hosted a series of virtual discussions in partnership with March Capital Partners to share insights from leading executives, entrepreneurs, investors, and scholars on the evolving economic and business environment in the US as a result of the COVID-19 pandemic.
Our next session, The Current State of Software Investing, on Thursday, July 9th at 7:30am PDT will discuss a range of topics including key investment trends, capital flows, valuations, and liquidity with the following esteemed technology investors:

  • Paul Barber, Managing General Partner, JMI Equity
  • Matt McIlwain, Managing Director, Madrona Venture Group
  • Alan Cline, Senior Managing Director, Vista Equity Partners
  • Sumant Mandal, Managing Partner, March Capital Partners (Moderator)

The pandemic has accelerated the need for companies to embrace “digital transformation,” making cloud-based software, IT infrastructure and automation some of the most dynamic and rewarding sectors to invest in technology. This acceleration represents a once in a generation opportunity for investors as years of change have been accelerated into months. The public markets have recovered from the March 2020 correction; however, many of the most interesting software companies are private. We hope that you can join us for a stimulating discussion on the current state and outlook for software investing.
JMI Equity, Madrona Venture Group, Vista Equity Partners, and March Capital Partners are exceptional firms that share an investment thesis around investing in emerging software companies and helping them grow into world-class market leaders:
JMI Equity focuses on growth equity for software companies. JMI has over $4B of committed capital since their inception in 1992 with locations in Baltimore and San Diego. JMI has completed 150 investments, over 100 exits, and 19 IPOs with the investment size ranging from $15 million to $125 million. Notable investments include ServiceNow, Seismic, and Kronos. Paul is the Managing Partner.
Madrona Venture Group invests primarily in seed and early-stage cloud software companies. Madrona is the leading venture capital firm based in the Pacific Northwest. Over the last 25 years, Madrona has made over 400 investments across eight funds. Notable investments include Amazon, Smartsheet, Snowflake, and UiPath. Matt is the lead Partner in this very dynamic firm.
Vista Equity Partners is a leading investment firm with more than $57 billion in cumulative capital commitments. For the last 20 years, Vista has exclusively invested in enterprise software, data, and technology-enabled organizations across private equity, permanent capital, credit, and public equity investment strategies. Notable exits include Marketo and Ping Identity. Alan is Senior Managing Director and spearheads their growth-oriented investments out of the Endeavour fund.
March Capital Partners focuses on venture and early growth investments in cloud enabled software companies. Based in Santa Monica and investing globally, the firm currently is investing out of its third flagship fund, March Capital Partners III. CrowdStrike, VeloCloud, ASAPP, Forter, and Uniphore are March’s most notable software investments since the firm’s inception six years ago.
Following the discussion, there will be an opportunity for Q&A from the audience. This discussion will be conducted via video conference, so we encourage you to please join the call via Zoom to submit questions.

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