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5 Interesting Learnings from Procore at $1 Billion in ARR

SaaStr

It’s a true vertical SaaS leader — “Cloud for Construction” — growing an impressive 33% at $1 Billion (!) Procore in fact was founded way back in 2002. He founded Procore in 2002. in ARR now. And it’s a great story of going long. Today though, it’s worth a stunning $10 Billion.

Scale 201
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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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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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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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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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Even More of SaaStr’s Most Respected Leaders Unveiled!

SaaStr

About Mikkel… According to Mikkel “the cloud’s biggest days are yet to come”, his stories of a time when “the cloud” wasn’t exactly the reality it is today inspired SaaStr attendees to heavily bookmark his session ahead of the event. He served as CEO for the company until 2002 before moving on to Materna.

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The Financing Trends of Billion Dollar SaaS Companies

Tom Tunguz

One of the cloud’s great promise has been cost-reduction and for a while, we’ve chanted a mantra that startups require less capital than before to get started and ultimately succeed. The first row contains data from IPOs between 1998-2002, the second bucket contains data from IPOs between 2002-2006 and so on.

Finance 100