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RevenueCat: Free Trials Are Way Up, Pricing is Stable in Mobile Subscriptions

SaaStr

That’s way up from 60% in 2023. PLG is a work-in-progress for many browser apps, but on mobile, you just have to move faster. That’s way up from 60% in 2023. PLG is a work-in-progress for many browser apps, but on mobile, you just have to move faster. mobile apps, across 290,000,000 subscribers and $6.7

Mobile 275
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My #1 Best Hack for VC Fundraising

SaaStr

Everything has slowed down, the bar has gone up, and even VC funds themselves are struggling to do their own fundraising: Fundraising By VC Firms Themselves Is At a 10 Year Low. An extra data point, an extra proof point, and an extra month of progress and revenue. But boy, it’s harder today. Get them a great update for the month ASAP.

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The Evolution of Open Source Business Models

Tom Tunguz

Open source is a marketing strategy that fills the top of the sales funnel with users who may later convert to paying customers. Sometimes, the open source software’s capabilities are powerful enough to satisfy potentially paying users. But from a business perspective, this progression is logical. Hashicorp Public 5.5

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200% NDR: What Does it Take to Achieve this Stellar Milestone?

Tom Tunguz

User signs up for a product & pays. Strong momentum in the second quarter included a record 52 Vault Quality customer wins and significant progress on Vault QMS projects with enterprise customers. They result in better capital efficiency, an important metric in this environment. Imagine your current ACV is $1k.

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5 Interesting Learnings from Procore at $1 Billion in ARR

SaaStr

Growth Has Mostly Held Up, Even in a “Tougher Demand Environment” Procore hasn’t been immune to some macro pressures, with growth declining from 41% a year to 33% today. Still, its growth has held up far better than many SaaS leaders. That’s a ton of progress and a much more efficient business.

Scale 224
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5 Interesting Learnings from SmartSheet at $400,000,000+ in ARR

SaaStr

Driving deal size up accounts for a lot of growth. Smartsheet has aggressively driven its ACV up from $3,643 in 2020 to $5,103 today. 90% of customers pay annually — even SMBs. It just shows perhaps there is no standard answer to how often SMBs should pay. #4. That’s a lot — 40% higher average deals.

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The New Discipline Web3 Software Companies Must Develop

Tom Tunguz

Your customers prefer to pay you in crypto. You decide to pull up your balance sheet. Most US web2 software companies might progress through their lifespans without ever uttering the words treasury management in a board meeting. The business pays 20% tax annually which implies a $1m tax liability on the tokens.