Three Mega IPOs That Took A Long, Long Time To Get Big: Squarespace, Procore and UiPath
SaaStr
MAY 21, 2021
Procore didn’t really begin to take off until 2012: Squarespace was founded way back in 2003 in the CEO’s dorm room, and for years revenue was nominal. UiPath is hyper-enterprise ($1m+ customers) and really on-prem software for the Cloud. It took 3 years just to get to $1M in ARR and 7+ years to get to the first $10M ARR.
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