At the Sohn San Francisco Conference this week, Evan Skorpen of Lead Edge Capital presented his thesis for software company Kinaxis Inc (TSE:KXS).
Lead Edge is a concentrated, long-only fund that specializes in small- and mid-cap technology. Skorpen said they've spent lots of time in software over the last seven years, but they've never owned the popular stocks in the space. They've also never paid a double-digit revenue multiple.
Skorpen explained that they've found better opportunities in investing in under-the-radar and out-of-favor software stocks. They also create their own alpha by working with management to...