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The Power of Going Long in SaaS

SaaStr

Today, just 2 years after that, Hubspot in a very similar space (just more SMB) and with very similar revenue, is worth $18B. First product doesn’t work, no revenue for 3 years. 2013: first investment in first angel round in 2007. And revenue has grown to $1B+ ARR for all the winners. That’s 18x.

SaaS 210
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Thanks to Cumul.io, Hook, Jiminny, Leaseweb,and Zendesk for Sponsoring SaaStr Europa 2023!

SaaStr

We’ll see 2,500+ of the best SaaS founders, execs, and VCs June 6-7 at 2022 SaaStr Europa ! Embed white-labeled dashboards in your SaaS application or portal. Hook accurately predicts revenue growth from your customers. We use data science to identify your highest-value customers, how to keep them and maximize revenue.

Scale 215
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5 Interesting Learnings from Zscaler at $1B in ARR

SaaStr

Ok times are tough in the public markets for SaaS and Cloud. So Zscaler is the quiet SaaS and Cloud leader that just … delivers. only half its revenue. Sales + Marketing declined from 59% of revenue to 47%. Their long term goal is to get Sales & Marketing to 33%-37% of revenue. #4. But not for Zscaler.

Scale 245
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5 Interesting Learnings from UserTesting at $160,000,000 in ARR

SaaStr

So UserTesting is a case study on how great SaaS can be (innovating and creating a market leader, and driving it to $160m+ ARR) … and also hard SaaS can be. It’s not that easy out there in SaaS land these days, folks. These are still great times in SaaS. Only 18% of revenue outside the U.S,

Scale 222
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Clouded Judgement 9.29.23 - Rates Keep Going Up

Clouded Judgement

The disconnect in rates and multiples is even more stark when we look at growth adjusted multiples (taking revenue multiples and dividing them by forward growth rates). Revenue multiples are a shorthand valuation framework. The promise of SaaS is that growth in the early years leads to profits in the mature years.

Cloud 183
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Veeva: The Biggest Vertical SaaS Success Story of All Time (Video + Transcript)

SaaStr

While it can be frightening to think differently, doing so has helped him make Veeva the biggest vertical SaaS success story of all time. That makes up about 35 percent of our revenue now. In 2007, I had this idea, “I’m going to make something very specific to an industry, very specific to an industry in the cloud.”

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The top SaaS companies ruling the East Coast

SaaStock

As we wrote in our launch post about expanding SaaStock New York into SaaStock East Coast , our main aim is to foster a community of top SaaS companies that spans all the way from Florida to Quebec. The SaaS industry’s beating heart will probably always be New York, and it will also be the home of SaaStock East Coast on June 4-6.