Sat.Jan 08, 2022 - Fri.Jan 14, 2022

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Meritech: The Average SaaS Company IPO’s at $225m in ARR. And is No Longer in the Bay Area.

SaaStr

The late-stage VC firm Meritech put together its annual SaaS report here and it slices the data in a few interesting ways. A few tidbits of particular interest: 1. The average SaaS company hits $225m ARR at IPO. This was about what I expected, but I hadn’t crunched the numbers myself. So that’s the bar. 2. The average SaaS company is growing 55% at IPO (at that $225m ARR).

SMB 331
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How to choose a SaaS management platform

IT World

The flood of remote workers at the start of the global pandemic in early 2020 had companies scrambling to find new software for communicating and collaborating with remote workers. Many turned to software-as-a-service (SaaS) options. Tech Spotlight: Hybrid Cloud. Hybrid cloud hurdles — and how to address them (CIO). Hybrid-cloud demands new tools for performance monitoring (Network World). 5 top hybrid cloud security challenges (CSO). 16 irresistible cloud innovations (InfoWorld).

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15 Most Important Customer Support Skills with Examples

Groove HQ

We've curated the 15 most important customer support skills to help you and your team thrive in this position. The post 15 Most Important Customer Support Skills with Examples appeared first on Groove Blog.

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Best Streaming Software

The Daily Egg

Today, if you want to build your business you need to get closer to your customers, show transparency, and build trust. A. The post Best Streaming Software appeared first on The Daily Egg.

Software 332
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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How to Think About The Huge Expenses of Events and Tradeshows

SaaStr

Events and trade shows. They’re back, but they’re expensive. You don’t get enough booth traffic. The folks that do come by are too junior. It sucks up days at a time. The air is convention-center nasty. Too much ice cream, too much alcohol, too many almost-all-dudes parties. How can it be worth it? Even just $25,000 for the worst possible booth, plus tickets, hotels, schwag … and taking 3-4 people out of the office for days at a time.

Scale 334

More Trending

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Introducing “New at Intercom” – our first virtual launch event

Intercom, Inc.

Today, we’re excited to announce Intercom’s first virtual launch event, New at Intercom , to be held on March 23rd. . We’re witnessing a ??dramatic one-way acceleration in the transition to a primarily online business environment, and that shift is transforming how businesses engage with prospects and customers. Making the most of this opportunity requires the tools of tomorrow.

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How to Hire Employees

The Daily Egg

The hardest thing to guarantee is hiring the right person for your team. It’s the biggest fear most of you have. But, The post How to Hire Employees appeared first on The Daily Egg.

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The Top LPs Made 95% Or Higher Returns on Venture and Private Equity in 2021

SaaStr

So every day there are more and more massive funding rounds. But where does all that money >come from<? 1/ From "Limited Partners", the ones that give VCs $ to invest. And they had an incredible year. Top endowments and LPs saw a jaw-dropping 62% (!) returns from VC + PE in 2021 pic.twitter.com/ZSjfFQMXYh. — Jason BeKind Lemkin 2⃣0⃣2⃣2⃣ (@jasonlk) January 14, 2022.

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Do Data Startups Command a Premium in the Fundraising Market?

Tom Tunguz

After writing my predictions for the year 2022 , a reader asked how I would measure if this were truly the decade of data. Good question! The market determines which sectors are in favor and which sectors aren’t. Stealing a page from Michael Mauboussin’s Expectations Investing , company value contains information about investors' expectations for a company.

Startup 285
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SaaS: How They’re Turning Payments Into Profit Centers

Discover how top SaaS companies are earning up to $700k + and zero upfront cost with Usio Integrated Payments.

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Self-limiting Beliefs in Sales Development

Predictable Revenue

Executive coach Darren Reinke discusses how to recognize and overcome self-limiting beliefs in sales development and how reflection can help you grow as a leader. The post Self-limiting Beliefs in Sales Development appeared first on Predictable Revenue.

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Benn Stancil, founder of Mode, on how data science can help us make better decisions

Intercom, Inc.

Or rather, it should be. That stereotypical image of a room teeming with monitors and elaborate dashboards where all the decisions are made isn’t real, and it’s high time we move away from it. According to Benn Stancil , co-founder and Chief Analytics Officer behind Mode , a platform designed to help data analysts and data scientists analyze, visualize, and share data, a lot of their actual day-to-day work involves sitting with product managers and business leaders, tinkering with various things

Data 151
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30+ Tough Learnings from Losing a Top Customer

SaaStr

On both SaaStr University and Twitter, we had 30+ founders, CEOs and execs share their top, tough learnings from losing one of their top customers. There are some great teachable moments here, and also some deja-vu if you’ve been through it! “I should have been onsite with them + made sure they had my cell number.” — Tyler Hogge, SVP Product, Divvy.

CTO Hire 301
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Building American Dynamism

Andreessen Horowitz

Two weeks before the start of our perpetual lockdown, The New York Times columnist and Substack writer Ross Douthat released “The Decadent Society,” a survey of America’s general apathy toward building a more dynamic future. While the book itself isn’t particularly surprising in its critique, the timing of its release was important: it was among. Read More.

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Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? 🌐 From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

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Best Practices for SDR to AE Handoff

Predictable Revenue

The SDR to AE handoff is a crucial part of your outbound sales process. These tips will help you ensure a smooth transition from sales development reps to AE. The post Best Practices for SDR to AE Handoff appeared first on Predictable Revenue.

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The Biggest Marketing Lessons of 2021 (And How to Use ‘Em in 2022)

Unbounce

After a turbulent 2020, we all probably hoped that 2021 would be a clean slate. (Please, just no more Tiger King.) But as we look back at the past year, it’s clear that we’re still trying to navigate these uncharted waters—especially folks marketing for small businesses. To survive the pandemic in 2020, most companies were focused on simply getting their businesses online.

Marketing 144
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The Third Wave of Migration from the SF Bay Area Is Still to Come

SaaStr

My general sense is that the overall wave of higher earners leaving CA is just underway. First to go were digital nomads, freed by distributed work. Then folks in tech without families, schools, ties, etc. Next wave of exodus from CA will take 2-3 years to fully see play out. — Jason BeKind Lemkin 2⃣0⃣2⃣2⃣ (@jasonlk) January 7, 2022.

SaaS 301
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Moving fast and building smart: The value of quick customer feedback

Intercom, Inc.

At Intercom we obsess about our customers’ success. We also prioritize moving fast , making quick, effective decisions, and maintaining momentum. Collecting customer feedback is crucial to making smart product decisions, but it can be time-consuming for both our team and our customers. This might mean compromising on production speed, or on customer satisfaction if our users feel they’re being contacted too frequently.

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

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Supply chain, semi-conductor issues slam PC shipments

IT World

The US PC market saw its second consecutive quarter of double-digit decline during the fourth quarter of 2021, with shipments dropping 24.2% year-over-year. Worldwide PC shipments totaled 88.4 million units in Q4 2021, a 5% decrease from the fourth quarter of 2020, according to Gartner's preliminary results. The decline marked the first year-over-year drop following six consecutive quarters of growth, according to Gartner Research, which just released a report on PC sales.

Sales 143
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Software Is Automating Design. What Does That Mean For Designers?

Andreessen Horowitz

Over the past decade, an explosion of digital design tools and apps has made design more accessible than ever. Now anyone can build a website on Squarespace, Wix, Webflow, or Cargo and easily populate a pre-designed template with stock imagery and illustrations. Everyone can create a logo with Squarespace’s logo generator, then extend it to. Read More.

Software 136
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Dear SaaStr: When Can Angel Investors Sell Their Shares?

SaaStr

Q: Dear SaaStr: When Can Angel Investors Sell Their Shares? There’s isn’t that much “liquidity” for startup shares, but there’s more than there used to be. There are 2 basic ways for angel investors to sell their shares before an IPO or a sales (a so-called liquidity event): When the startup is oversubscribed in a subsequent venture round. If the startup raises VC capital and there’s more demand than shares, angels can often sell their shares to the new and sometimes the existing VCs.

Startup 294
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How You Can Leverage Gamification for Marketing

Neil Patel

More and more companies are throwing traditional marketing out the window. Old-school techniques are uninviting, boring, and slow. In comes gamification for marketing. This marketing strategy allows users to personally engage with your business and have the opportunity to achieve or win something along the way. Chances are, you see gamification in marketing all the time without even realizing it.

Marketing 120
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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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The 10 best new Microsoft Teams meeting features

IT World

Over the past year or so, Microsoft has added a host of new capabilities to Teams, its chat and videoconferencing hub, focused on improving video meetings with co-workers and other colleagues. Here's a rundown of the key new features to know and how to use them. Note that this guide refers to the Microsoft Teams desktop app for Windows and macOS included with Microsoft 365/Office 365 business and education subscriptions.

Mobile 143
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Investing in American Dynamism

Andreessen Horowitz

Last year when we announced Katherine joining the team, we used the term “American Dynamism” but left it largely undefined. Today, she has published our thesis: “Building American Dynamism”. It explains why we believe there’s never been a better … The post Investing in American Dynamism appeared first on Andreessen Horowitz.

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Top Posts and Vids of the Week: Calendly, Zapier, Gitlab, and More!

SaaStr

Top Blog Posts This Week: Why a Great Rep Can Close 9x More Than a Poor Rep, and Even 2.5x More Than a Good Rep. 15+ of The Top Sales & Marketing Mistakes SaaS Startups Make. Pretty Much Every App With an Enterprise Edition Uses “Contact Me” Pricing. Your (Belated) SaaS New Year’s Resolution: Add a Layer. Why The Greatest Sales Teams Just Kill It On Dec 31.

Scale 291
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“Contact Data Discovered” Notification Helps Enrich Your Contact Records!

Nimble - Sales

An important part of our mission at Nimble is to make CRM easy to use. According to Nimble’s Founder and CEO, Jon Ferrara, “Most people work for their CRM — it doesn’t work for them. That’s the biggest cause of failure for CRM.” We believe that your CRM should work for you to save you […]. The post “Contact Data Discovered” Notification Helps Enrich Your Contact Records!

Data 103
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Driving Growth, Customer Satisfaction, and Retention through Usage-Based Pricing

As companies strive to boost revenue, deliver customer value, and stay competitive, they are increasingly embracing the potential of usage-based pricing.

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Why not a four-day workweek?

IT World

Today, many of us think of the five-day workweek as being the way things have always been done. It’s not. It only became a standard in the United States when the labor unions got the Fair Labor Standards Act (FLSA) passed in 1938. Before that, most people worked a 48-hour, six-day-per-week job—and were glad to have it. Are we less productive now? We are not.

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Sarah Wang

Andreessen Horowitz

I am excited to announce that we have promoted Sarah Wang to General Partner on the Growth investing team. When we started the Growth Fund in 2019, we set out to back founders executing on unusually big visions for emerging … The post Sarah Wang appeared first on Andreessen Horowitz.

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How To (Successfully) Source Your First 2 Sales Reps

SaaStr

We’ve talked a lot on SaaStr about how to hire a Great VP of Sales, and how you have to close the first 10 or so customers yourself, and how when you do go to hire your first sales rep — make sure you hire two. But how do you get those first few reps right, when you haven’t made the hire before? We’ve talked about how to make sure your first reps actually work out , as well as The Top 10 Mistakes made hiring reps , but we haven’t put a list together of what to do.