Another question is whether SaaS company revenues will continue unabated in an economic downturn, said Stuart Blair, director of research at Newport Beach, Calif.-based consulting firm Canterbury Consulting Inc.
That is one of the reasons that Canterbury is advising asset owners with venture capital to invest more in the hardware side of technology and less in software and strategies with a high degree of consumer exposure, Mr. Blair said.
"Hardware is not getting as much attention from investors" and software is getting pretty highly priced, Mr. Blair said.
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