article thumbnail

We?re About To See a Lot More SaaS Debt

SaaStr

I argue that standard saas metrics make it possible for founders to scale using debt capital (production capital thats cheaper) instead of solely relying on venture capital (financial capital thats more expensive). . 2004 Salesforce IPO Brought Financial Capital to SaaS Founders. Why Let Banks In?

article thumbnail

A Tale of Two Go To Market Strategies

Tom Tunguz

Founded in 2004, Fleetmatics employs about 1150 employees. They haven’t raised venture capital. The story behind Fleetmatics and Geotab illustrates the way two companies pursued the SMB logistics market in radically different ways, but built roughly similar sized businesses. and 14% in net income margin in 2015 and 2016.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SaaStr Podcasts for the Week with Mayfield and TripActions — May 1, 2020

SaaStr

In my early twenties I founded three companies between 1995 to 2004 which all had successful exits, including an acquisition by Microsoft and an IPO. Navin Chaddha: I joined the venture capital business as an entrepreneur in residence in 2004 to work on my fourth company and one thing led to the other and I became a venture capitalist.

B2C 179
article thumbnail

SaaStr Podcasts for the Week with Keith Rabois and Jason Lemkin

SaaStr

Just before 9/11 occurred, we’d hit a USP domestic travel record and it took three years until May 2004 to get back to the level. If 15 to 20% are COVID beneficiaries, can that absorb all the venture capital? Does venture capital even need to bother? And then there’s going to be others that take years.

article thumbnail

Are We Due for a SaaSacre?

Kellblog

3] Per the footer, since Salesforce’s June, 2004 IPO. [4] 1] Comps = comparables. [2] 2] EV/NTM Revenue = enterprise value / next twelve months revenue, a so-called “forward” multiple. [3] 4] As are most stock indexes. See here for more. [5] 5] And not everybody does. structural change).

article thumbnail

Why Execution Matters

Kellblog

6] I am not speaking of MarkLogic in its contemporary form (about which I know fairly little), but as it was in the 2004-2010 period when I ran it. The amateurs might offer 100 different excuses and/or forms of hope. [5] 5] Happily, I’ve also done plenty of time in Box 2! [6] Disclaimer: I own some residual shares in MarkLogic. [7]

article thumbnail

Who are Asia’s SaaS VCs?

SaaStock

Ceyuan Ventures selects entrepreneurs who show promise in crafting leading technologies, backed by powerful teams and innovation. Founded: 2004. Stage: Early Stage Venture, Late Stage Venture, Seed. Stage: Venture Capital, Angel. Stage: Corporate Venture Capital. Stage: Venture Capital.