Tom Tunguz

JUNE 20, 2022

From 2007 to 2016, $1.5b I remember thinking a $1b M&A or IPO was so rare an investor might hope to achieve it once or twice in a career. Fewer than 15 SaaS companies traded on public exchanges then. With at least 20 firms and several partners per firm chasing unicorns, upstarts faced stiff odds. 2015 Return Multiple by Round.

SaaS 226

SaaS Startup Software Marketing 226

Chargebee

MAY 2, 2023

In 2007, mathematical statistician and former Wall Street trader Nassim Nicholas Taleb argued that inflexibility, even in the most meticulously built systems, ultimately makes them fragile. Or, as my gym trainer says – the more you bulk, the harder dancing gets. ” The objective […]

Payments 75

Payments Mobile Payment Solutions Revenue 75

SaaStr

MARCH 2, 2023

Zendesk started the customer experience revolution in 2007 by enabling any business around the world to take their customer service online. We have a global footprint of 20+ data centers across Europe, Asia, Australia, and North America, all of which are backed by a superior global network with a total capacity of more than 10 Tbps.

Scale 218

Scale SaaS Technical Review Software Review 218

IT World

JANUARY 24, 2023

28, 2007 first convention on data protection. Apple this year is marking Data Privacy Week by working to educate iPhone users about the privacy protection tools they already have in hand, a move that has implications across any business that wants to maintain privacy. To read this article in full, please click here

Data 76

Data Education Business 76

SaaStr

DECEMBER 8, 2020

in first angel round in 2007. First product doesn’t work, no revenue for 3 years. 2013: first investment. 200m from Silver Lake. 2016: IPO at $1.15B market cap. 2020: Worth $7B today. Zendesk : Founded 2006. Raised $500,000 (!) IPO in 2014 at $1B. Worth $2B by 2017. Crossed $1B in ARR in 2020. Today worth $16B.

SaaS 206

SaaS SMB Revenue Cloud 206

SaaStr

JANUARY 26, 2022

While hardly the only vendor doing automated product insights, UserTesting has been doing it for quite a while (founded way back in 2007) and doing it well, with over 2,100 customers including many tech leaders. Stuck with per-seat pricing from 2007-2020, but added flex pricing in Q4′ 2020 — and quickly went to 20% of revenue.

Scale 228

Scale SaaS Enterprise Revenue 228

SaaStr

MAY 12, 2019

Mailchimp is perhaps the most interesting one to me because they took their time until 2007 to go all-in. Hootsuite was also a web-agency spin-off. Slack was an internal tool built when the company was a gaming company. It took off. But once they did, growth accelerated. Dramatically. View original question on quora.

Startup 182

Startup SaaS Consulting 182

IT World

DECEMBER 8, 2021

That's 34% more empty offices than the nation saw during the Great Recession of 2007-2010, according to Cushman & Wakefield, a global commercial real estate broker. Since COVID-19 was officially classified a global pandemic in March 2020, the US has shed 138.4 million square feet (MSF) of office space.

Management 105

Management 105

IT World

SEPTEMBER 1, 2021

Affected editions of Office included Office 2007, which was already out of all support; Office 2010, which was to exit support on that same Oct. Last year, Microsoft dropped support for older versions of Office connecting to its online services, such as Exchange Online, as of Oct.

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IT World

MAY 19, 2022

The company began in 2007. People associate Airbnb with vacation travel. But Airbnb was founded as a service for business travelers. Then called AirBed & Breakfast, its founders' business model was simple: Buy three air mattresses, and build a website at airbedandbreakfast.com.

Travel 69

Travel Business Model Business 69

Zuora

SEPTEMBER 8, 2022

By Sergio Claudio, VP, Brand Experience When Zuora was founded in 2007, we had a vision that the world was […]. The post From subscription management to monetization: Evolving our brand alongside our transformation appeared first on Zuora.

Subscription 52

Subscription Payment Features Branding Management 52

SaaStr

APRIL 26, 2022

Zscaler was founded in 2007, and took a decade to cross $100m in revenues — as it does for most of us, even the best of us. And pulling away from the rest. #5. 10 Years to $100m in Revenues. Then Just 5 More To $1B in ARR. Ok this is an epic example of the compounding nature of SaaS. But then boom! That acceleration kicked in.

Scale 242

Scale SaaS Scaling Revenue 242

Tom Tunguz

MARCH 11, 2020

That grew to about $5B per quarter in 2007 and early 2008. So this was a bit of a trip down memory lane. Let’s look at the data. In 2006, VCs invested about $3.5B per quarter in seed, A, B, and C rounds. Then the investing velocity fell by half to $2.9B, $2.7B, and $2.3B in the quarters following the crash.

Marketing 301

Marketing Startup Investment Trends 301

Dubb

AUGUST 4, 2022

As Jason Duncan earned his master’s in education in 2007, he fell in love with teaching and pursued it as a career. Unfortunately, due to the Great Recession, he soon found himself unemployed. Despite not having a solid entrepreneurial vision, he started a business. Jason became an “accidental” entrepreneur, compelled by the sheer need.

Business 59

Business Education Social Media Consulting 59

IT World

MARCH 10, 2022

Global mergers and acquisitions (M&As) last year surpassed pre-pandemic levels and nearly matched the previous record years of 2007 and 2015, according to professional services firm KPMG. This year, they're poised to climb higher.

Acquisition 70

Acquisition Business 70

IT World

JANUARY 10, 2023

Things have changed a lot since Apple introduced iPhone in January 2007. When he laughed at the arrival of the first iPhone , then-Microsoft CEO Steve Ballmer made it clear he thought Apple had no chance of success. The product that changed everything. At the time, Apple was an iPod company that made also-ran, underpowered PowerPC Macs, too.

Business 56

Business 56

Tom Tunguz

FEBRUARY 21, 2021

Down from 89% in 2007, the.com designation adorns the addresses of 64% of startups founded in 2020. In fact, it has changed significantly as the chart above shows. Click to enlarge the image. Dotcoms dwarf other domain choices in demand but their dominance has diminished as the days pass.

Startup 254

Startup Business SaaS AI 254

IT World

DECEMBER 16, 2022

One of the most seemingly innovative products so far this century is Apple’s iPhone, which arrived in 2007. Let’s think about the yin and yang of innovation vs. execution, and why execution and tolerance for failure are critical to real innovation. Winning the smartphone world.

Innovation 69

Innovation Marketing 69

Andreessen Horowitz

SEPTEMBER 16, 2019

Product-market fit is “ the only thing that matters ” early on in the startup journey, wrote Marc Andreessen in June 2007. Conventionally, product-market fit comes down to early signals that the market has voted your product as the best …

Product Marketing 98

Product Marketing Marketing Startup SaaS 98

Andreessen Horowitz

SEPTEMBER 19, 2023

The more I got exposed to the details behind the Instacart business, the more it reminded me of OpenTable (where I had been CEO from 2007-2011). Focusing on the former was key to our investment decision. Both needed to convince businesses to join the platform with the promise that they would drive incremental revenue.

Scale 143

Scale Marketplace as a Service Underperforming Technical Team Revenue 143

SaaS Metrics

APRIL 5, 2022

It’s a relatively new concept that began in Japan around 2007 before making its appearance in the US in 2013. Escape room games are an actual-time adventure game which takes place inside one of our game rooms themed. If you’re new to the best escape rooms in NWI, this article is perfect. The post WHAT is an Escape Room?

SaaS 52

SaaS Metrics 52

SaaStr

SEPTEMBER 23, 2019

Then in 2007, when it hit 10,000 users, the two decided to commit full-time”: The New Atlanta Billionaires Behind An Unlikely Tech Unicorn. This story is a good reminder that bootstrapping has its rewards.

SaaS 100

SaaS 100

Clouded Judgement

SEPTEMBER 29, 2023

Pretty crazy to think about - growth adjusted multiples are near pre-covid all time highs (excluding 2020-2021 period) even though rates are as high as they’ve been since 2007 (and double what they were on average from 2010-2020). So what’s going on?

Cloud 189

Cloud Revenue Software Review SaaS 189

SaaStr

FEBRUARY 10, 2021

No real Mini-Brand until early 2007. Not in a day, but in time. And things will being to get scaleable from there. You can see our path there above from Google Trends. Launch on January 1, 2006. A painful gap as a founder, when every day, you’re looking to make progress. Brands work, we all know that.

Scale 291

Scale Branding SaaS Enterprise 291

IT World

JUNE 17, 2020

The Royal Bank of Scotland (RBS) Group – which will soon be rebranded as Natwest Group under new CEO Alison Rose – has been on a big technology modernization drive since its government bailout after the 2007 banking crisis.

Software Delivery 69

Software Delivery Banking Government Software 69

CloseSaaS

OCTOBER 8, 2019

Here’s the story of how it made my first startup go belly-up.From B2C to B2B It was mid 2007. Enterprise sales can be a treacherous territory if you’re an inexperienced startup founder. We were a tiny team—just myself as the founder and one engineer.

Enterprise 52

Enterprise Sales B2C Startup 52

SaaStr

NOVEMBER 25, 2021

2007: Salesforce integration. We won a lot of those deals. For almost 3 years we were alone with this 10x feature. It was surprisingly hard to do well, given all the exceptions and corner cases involved. We launched in the first AppExchange class in late 2006 with the first true, deep Salesforce integration.

Scale 212

Scale SaaS Branding Mobile 212

Andreessen Horowitz

SEPTEMBER 21, 2023

In 2007, it became one of the first markets in the world to issue contactless (tap-to-pay) cards. (A To do this, it played to its structural strengths: The UK was an early adopter of fintech infrastructure. The UK has had real-time payments since 2005, via the Faster Payments network. A full 8 years earlier than the U.S.)

Merchant Services 121

Merchant Services Payment Services Payment Solutions Payments 121

Tom Tunguz

FEBRUARY 23, 2018

Founded in 2007, Dropbox epitomizes the freemium go-to-market. Dropbox has grown from 0 to 500 million users over that time period. 2% of those users convert to paid and pay an average of $9.33 90% of revenue originates through self serve channels - an astounding figure for company that generated more than $1B in revenue last year.

Scale 213

Scale SaaS Revenue Metrics 213

Practical Advice on SaaS marketing

SEPTEMBER 5, 2012

times more on customer acquisition than annual revenues, and in 2007 it spent nearly 18 times more than annual revenues. With only $455,000 in revenues in 2007, Workday funded a direct sales force and a professional marketing effort costing more than $8 million. In 2008, it spent 2.5

Acquisition 140

Acquisition SaaS Revenue Enterprise 140

Neil Patel

APRIL 9, 2021

In my case, we can see I joined Twitter pretty early on in March 2007. Finding my first tweet is as simple as going back to the advanced search feature and apply the following filters: My account (@neilpatel) The date range (March 1, 2007 – March 31, 2007). You can also use it to find your first tweet ever.

Social Media 115

Social Media AWS Data Branding 115

OPEXEngine

MAY 10, 2022

We have been asked quite a bit lately how companies navigated the Great Recession of 2007-2009 and what companies can do today to protect against a downturn. Boards are now requesting contingency budget plans if there’s a recession. . Navigating the Great Recession. Source: OPEXEngine 2022.

SaaS 59

SaaS Technical Review Metrics Systems Review 59

Sales Hacker

FEBRUARY 7, 2020

Rob has received 15 Stevie Awards for Sales and Service since 2007. He has worked for & consulted with many organizations & has expertise in sales, sales process, leadership development & the commercialization of new products and services.

Sales 80

Sales Metrics Consulting Leadership 80

The Angel VC

MAY 4, 2018

The mighty king of Freemium Like Zendesk, Yammer, and a few other SaaS companies that were all founded around 2007-2008, Dropbox was one of the early champions of the "consumerization of the enterprise" movement. I’ll be sharing a few specific observations from the S1 review, but let’s start with some more general thoughts about the company.

SaaS 143

SaaS Underperforming Technical Team Technical Review Revenue 143

Tom Tunguz

JULY 26, 2016

To cite one critical counterexample, Concur’s rapid revenue growth in 2006 and 2007 occurred after nearly a decade of tepid expansion. Though there is some truth to the assertion, the Humpty Dumpty characterization is overly broad. Second winds aren’t uncommon.

Startup 146

Startup SaaS Software Compensation 146

Tom Tunguz

JULY 12, 2016

JLL the real estate broker shared their data on the average asking rent in San Francisco from 2007 two 2016, year to date. In addition to increasing labor costs, startups in San Francisco are facing monotonically increasing real estate prices. In 2009, the average asking rent was $31.37.

Startup 100

Startup Pricing Trends Data 100

SaaStr

DECEMBER 29, 2019

it wasn’t until later on in 2007 that we had enough revenue to create a large enough group of customers to go on a 10 Year Journey with. We launched on January 1, 2006 on TechCrunch , and while we closed some good names that first year (Dell, BT, Qualcomm, GE, Comcast, etc.),

Scale 349

Scale Churn Customer Success SaaS 349