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Who Is Tooey Couremanche Founder and CEO of Procore

SaaStr

Founding Procore In 2002, Couremanche founded Procore in Carpinteria, California. The initial years were challenging – he bootstrapped the company and worked to convince an industry traditionally resistant to technological change to adopt cloud-based solutions.

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Plenty of Decacorns Were Late Bloomers

SaaStr

There’s no question SaaS and Cloud companies scale faster than ever these days. 50%+ growth at $100m+ ARR seems to be the new normal, and a full 25% of the Cloud 100 was growing 100%+ at $100m in ARR! More on that here: The Top SaaS and Cloud companies are now growing 100% at $100m ARR. 2002-2012 were slow.

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Three Mega IPOs That Took A Long, Long Time To Get Big: Squarespace, Procore and UiPath

SaaStr

Procore was founded way back in 2002 to automate construction project management. UiPath is hyper-enterprise ($1m+ customers) and really on-prem software for the Cloud. And UiPath is worth $40B. One thing these very, very different, incredibly successful SaaS companies have in common: it took like forever to get really big.

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Is a World Coming Where We Don’t Need VCs at All?

SaaStr

2002-2019: Founders jealous of VCs, with their easy life, diversified. The Rise of 1000 Unicorns and 100 Decacorns, combined with the overnight changes to fundraising processes from Covid, have radically changed venture capital: Tiger alone is deploying $100 billion , mostly into Cloud startups, and very quickly. With many more coming.

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5 Interesting Learnings from Procore at $500,000,000 in ARR

SaaStr

The first 10 years were actually pretty challenging … the company was founded way back in 2002. Plain vanilla per-seat pricing is becoming less and less the dominant model in public SaaS and Cloud companies. #2. Founded in 2002 by Tooey Courtemanche, who is still CEO. Not just in the office. Go long, folks.

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SaaStr’s Most Respected Leaders Awards 2019: The Top Five

SaaStr

Ryan Smith Qualtrics in 2002 alongside his father in their family basement in Utah. He then stepped in as SVP of Service Cloud for Salesforce and went on to become CEO of Host Analytics from 2012-2018. Ten years later, the company went from bootstrapped to accepting funding.

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What’s Really Happening in Venture Capital Today with Redpoint Ventures Managing Director Logan Bartlett

SaaStr

Situation Two If you go back and look, we’re nowhere near the highs after the internet bubble in 2002, when 53% of all rounds done were down rounds. You can see the word cloud of different terms from the 2023 YC batch, and we’ll likely see more over the years as these businesses mature. In 2009, that spiked to 35%.