SaaStr
NOVEMBER 1, 2019
In 2001 David joined Matrix Partners, who had backed his last two startups, as a General Partner. Before joining Upfront Mark was Vice President, Product Management at Salesforce.com following its acquisition of Koral, where Mark was Founder and CEO. Three of the companies he founded went public and one was acquired.
Tom Tunguz
MAY 13, 2015
Before its acquisition, which was consummated at the highest historical multiple of any software company , Ariba was the largest independent procurement software business. The notable dip in 2001, when Ariba notched a loss of $2.7B, or -674% net income as a percentage of revenue figure. The market would correct shortly thereafter.
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Tom Tunguz
APRIL 27, 2015
But soon after the crash of 2001, the startup’s market cap totaled only $8M. in the largest ever SaaS acquisition , and it is one of the very few SaaS companies ever to achieve both positive revenue and cash flow break-even. The company generated about $2M in revenue as it switched to its licensed software business.
Tom Tunguz
FEBRUARY 6, 2016
The go-to-market advantages of SaaS including faster sales cycles, beneficial cash cycles, online/mobile acquisition and bottoms up adoption are real, enduring , transformative changes. An example of a relatively extreme case, from 2001 to 2007, Concur grew between 0% and 35% each year. A different strategy is required.
SaaStock
JANUARY 30, 2019
Starting from 2001 with the establishment of DGF Investimentos, there has been a steady addition to the roster of funds, with key periods where a few were started around the same time. Founded: 2001. What are the ingredients required to help foster such an ecosystem? A healthy availability of capital is one. Size of fund: $305.8M.
Tom Tunguz
MAY 18, 2015
Both companies eventually offered talent acquisition, performance management, and learning tools for human resources teams. Both of these business weathered the dot com crash in 2001 and the financial meltdown in 2008. In the late 1990s, two of the dominant talent management platforms were founded. But they started in different places.
OpenView Labs
APRIL 16, 2020
Those who went through the 2001 and 2008 economic downturns emerged with valuable lessons on navigating a crisis—not to mention a heck of a lot of resilience. Tom: I was at Macromedia at the time, and we were right in the middle of the largest acquisition we’d ever done. Can you walk me through what that was like?
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