article thumbnail

What Could the Venture Market Look Like in the Coronavirus Era

Tom Tunguz

What could happen to the fundraising market in the coronavirus era where organizers cancel events, the financial markets suffer from a bear market, and there is a lot of uncertainty? Let’s look at the data. That grew to about $5B per quarter in 2007 and early 2008. In 2006, VCs invested about $3.5B

Marketing 324
article thumbnail

5 Interesting Learnings from Zscaler at $1B in ARR

SaaStr

Ok times are tough in the public markets for SaaS and Cloud. With CEO Jay Chandhry still owning 25% of a $30B market cap, it’s also an epic model in managing dilution. Sales + Marketing declined from 59% of revenue to 47%. Their long term goal is to get Sales & Marketing to 33%-37% of revenue. #4.

Scale 245
Insiders

Sign Up for our Newsletter

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

article thumbnail

Clouded Judgement 9.29.23 - Rates Keep Going Up

Clouded Judgement

” messaging reverberates through the markets. Given those two data points alone I’d expect the median multiple today to be closer to 4x! Clearly the bond markets are saying something different than software valuations. The market is really putting on emphasis on the Fed’s commentary of higher for longer.

Cloud 183
article thumbnail

How Healthy is the SaaS IPO Market?

Tom Tunguz

After more than a decade of reinvention, I was curious how healthy the IPO market is for SaaS companies. According to the data, 2016 has the potential to be the worst SaaS IPO year in six. By 2007 there were five IPOs and that number crested at nine in 2013 and 2014. The chart above plots the number of SaaS IPOs.

Marketing 101
article thumbnail

Dropbox S-1 Analysis - The King of Freemium

Tom Tunguz

Founded in 2007, Dropbox epitomizes the freemium go-to-market. This decrease is driven by user policy changes that affect users who have been inactive for a year or more, and a shift to operating their own data centers instead of using cloud providers. Market Cap. Dropbox’s revenue grew from $604M to $1.1B

Scale 208
article thumbnail

The Four Key Trends of the Startup Acquisition Market

Tom Tunguz

The startup acquisition market is poised to have its best year in nearly a decade. Given this state of affairs, it’s a good time to take stock of the major trends in the startup market. Given this state of affairs, it’s a good time to take stock of the major trends in the startup market.

article thumbnail

Why Personas Are Critical Product Development and Go To Market Tools for Startups

Tom Tunguz

When the data analytics team took the stage, I listened with great interest as the chief of the group described their internal struggles with data and the areas where startups might help them achieve their goals. I’ve summarized these personas below: The Three People That Matter in Data. Role Challenges Technology.

Startup 100