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While pitching cloud to banks in 2008-2009 was a “non-starter,” today there isn’t an enterprise that doesn’t already have an AI strategy in development. “It’s going 1000x faster than cloud adoption because everyone’s using it,” Datta noted.
” The Numbers Behind the Discipline: 2008 : $4M Series A from Emergence Capital (300x return, reportedly returned entire fund 7x over) 2012 : $18.8M .” Despite investor pressure to “spend more, spend more, spend more,” Peter refused: “I was the guy who just didn’t get it. I was too conservative.
” Drew Houston has been CEO since Day 1 in 2008 and we’re super excited to have him speaking at 2025 SaaStr Annual, May 13-15 in SF Bay ! Phase 3 of Dropbox: “We are evolving from traditional file sync and share to AI-powered universal search and content intelligence.”
Enterprise AI Adoption Is Moving 5-10X Faster Than Cloud The contrast with cloud adoption is striking, according to Levie: Cloud in 2008-2009 : “Try pitching the cloud to a bank. .” This generational shift will accelerate transformation far beyond what we saw with cloud adoption. That was a non-starter.
We’re seeing echoes of 2008-2009, where nimble startups thrived during the downturn. The money’s still there – it’s just more concentrated. Small Companies Are The Surprise Winners Here’s something counterintuitive: sub-$1M ARR companies are actually accelerating right now.
Any disruption of service at this facility could harm our business… We currently intend to add a second data center facility in 2008, the primary purpose of which is to add capacity. If we look at the NetSuite S-1 (filed in 2007) they said this: “We use a single data center to deliver our services.
Then came the 2008 financial crisis. Over its first decade, Procore grew and expanded from serving the construction project manager to serving multiple stakeholders, multiple products and multiple geos. Almost overnight, residential construction came to a stop, forcing Procore to pivot toward commercial projects.
I think if you’re looking down at your shoes, this could catch you here in the next couple years and look back 2008, we had a huge downturn, tons of winners were made out of that. Not that the last couple of years post-pandemic has been the same way.
CAGR Competitive Moat : Pure-digital strategy vs. hybrid competitors Founded in 2008 … so 17 years to IPO! CAGR Competitive Moat : Pure-digital strategy vs. hybrid competitors Founded in 2008 … so 17 years to IPO! The New Normal Top 5 SaaS Lessons from Wealthfront’s Path to IPO 1.
If you missed GTM 139, check it out here: AI Agents Are Changing Everything Microsofts VP of AI Agents on the New Era of Work and Software | Ray Smith Highlights: 05:19 How Satya Nadella sold his internal vision and rebuilt Microsofts culture from the ground up 13:13 The partnership blueprint: how to scale with partners, not just transact with them (..)
And so I kind of had to bone up on the history of, what had gone on between, call it the late nineties and 2007 in the search space, we’re in a moment there in 2008, 2009 where we’re just getting our. And so from 2008, 2007, 2006, I think Google went public in 2005 or something like [00:06:00] that.
Resilience Through the 2008 Financial Crisis During the 2008 financial crisis, when construction was hit particularly hard, Procore made a bold decision to switch from a licensing model to a subscription-based SaaS model.
Back in 2007 / 2008, when Sam joined a company as an SDR, he used Salesforce and over time, they bolted on different systems, depending on the needs of the business and what existed in the marketplace. It blends AI and SaaS and can speed up the outbound Go-To-Market process.
They survived the dot-com crash, the 2008 recession, cloud transformation, and emerged as a strategic asset in the AI era. Bottom Line Informatica’s journey proves that in enterprise SaaS, patience and persistence often matter more than viral growth or perfect timing.
With the target ARR required to achieve an IPO growing from $80m in 2008 to approximately $250m today, secondaries will become a permanent fixture in venture capital markets. It’s not just a temporary anomaly, but a structural evolution in how venture capital will function and ultimately evolve to look a bit more like private equity.
It’s like trying to win search traffic in 2008 without indexing your website. And those tools are replying with direct summaries that don’t contain links. If you’re not being cited by the model, you might be missing out on the buyer journey. That’s where Generative Engine Optimization (GEO) comes in. How to get cited by ChatGPT and others.
Government-issued digital currencies Since Bitcoin was launched in 2008, we have seen the introduction of several types of digital currencies, all launched and maintained by private institutions.
In 2008, I had just become a venture capitalist. What will a venture capital turnaround feel like? Will it be gradual or sudden? What will change the sentiment in the market? Three months later, Lehman fell & the Global Financial Crisis started.
The most recent event to use as an analogy is the 2008 financial crisis. In 2008, I had just joined the venture industry, and then Lehman fell. That grew to about $5B per quarter in 2007 and early 2008. Seed investments suffered a 50% fall in Q3 2008, but the market came right back in Q4 and continued to increase in volume.
We reviewed the data in May and compared it to the effects of the financial crisis in 2008 on startup fundraising. As a reminder, 2008 saw a 40% reduction in venture dollars invested in startups. These corrections match 2008. It took about six to eight quarters to return to normalcy. But the patterns this time are different.
In 2008, tightfistedness dominated the market. Today, a story is sufficient to raise a 2008-sized Series B. Given how much investors prefer faster growth rates and the massive surge in venture fund size, I don’t expect the ramen and ping-pong days of 2008 to return anytime soon. In my notebook, I sketched this 2x2.
In 2008, after the iPhone app store launched, we asked each other, is there an app for that? Millions of people want to try new products, all at once, to answer the question : how could AI help me with my email, my homework, my music creation, my graphic design, my data analysis, my plumbing business? Platform shifts arouse curiosity.
He’s a hedge fund manager who had foreseen the shocking 2007-2008 housing collapse. Have you heard of Michael Burry? Having betted against subprime-mortgage bonds ahead of the meltdown, he made about $750 million in profits for his investors and $100 million personally. But how was he able to predict something like that?
I like it because it models out two scenarios — one if the current downturn is like 2008, another if it’s like 2000. Redpoint looks at What If this downturn is like 2008, or even 2000. The bounceback was quicker and less severe in 2008, but both took … a long time. Yes, interest rates, inflation etc.
Also, 2014 to 2016 saw a 57% reduction in multiples and of course after 2008. Since 2016, public software has witnessed four corrections. Today, we’re in the midst of the fifth. But let’s look at the most recent five years.
My hunch originates from this analysis of the 2008 crisis. I expect the venture market to slow round counts for a quarter, but then resume. As growth rates fall, valuations should move similarly. But it’s too early to say for sure. Here’s a basic model you can download and play with the inputs.
Change at a pace we haven’t seen since 2008, when the world of SaaS was just so, so much smaller. But they do bounce back fast. — Jason Be Kind Lemkin (@jasonlk) December 30, 2022. So this last year was one of so much change. Just 12 months ago, Bitcoin was at near-highs, as were many SaaS stocks, and multiples. And then … crash.
In particular, narratives stoked three depressions and recessions in the US in 1920, 1929, and 2008. Robert Shiller wrote Narrative Economics , in which he explores how stories impact the economy. Shiller, a respected and lauded professor at Yale, models the spread of narratives in these periods using epidemiology.
During the dotcom crash in 2001, the Global Financial Crisis of 2008, and the SaaS corrections in 2014, 2016, and 2018, Lee was either COO/CFO or CFO at Twilio, SAY Media, and Ofoto. Lee Kirkpatrick is no stranger to downturns.
Ten years ago, Nvidia’s market cap hovered around $4b, down from its previous high of $13b in 2008. Today, Nvidia is the fifth most valuable technology company in the US, worth nearly $1t - just 20% less valuable than Amazon. In a decade, the business increased in value about 250x, compounding at about 74%.
In March, I published analysis of the fundraising market in 2008. It showed that the later rounds, the series B and series C were the most impacted. The early data from March 2020 shows a different pattern. Seed and Series A rounds are first to bear the compression in the market. Later rounds are unblemished.
Adapt, Plan Deliver: Founder/CEO Lessons from 2000 & 2008 Applied to 2020 With Twilio CEO Jeff Lawson and Bessemer Venture Partner’s Byron Deeter. This should be an incredible deep-dive on the opportunities and challenges to selling into the enterprise right now.
9: Founder/CEO Lessons from 2000 & 2008 Applied to 2020 with Jeff Lawson, Twilio and Byron Deeter, Bessemer Venture Partners. #10: . #7: Twilio: The Inside Story With Jeff Lawson (A SaaStr Classic). #8: 8: 12 Key Levers of SaaS Success with David Skok of Matrix Partners (another SaaStr Classic). #9:
Even the 2008-2009 downturn, while truly brutal, didn’t hit SaaS as hard as the rest of the economy. Not easy, but easier and easier: There was a bump in 2016, a Flash Crash in SaaS, when budgets were slashed, but it didn’t last long enough to really impact renewal cycles. SaaS markets had fully recovered later that year.
I sold a sales tool in 2008-2009 when the global economy was in total meltdown, and I’ll tell you, we sure didn’t stop selling. We had a great conversation on how much harder it is now with Gong’s incredible CRO here: But is that an excuse to sort of quiet quit? To give up a bit? I say No. In fact, I always say No.
Public multiples often were around 4x-5x in 2008, and then the global meltdown came, and public multiples fell to as less than 2x revenue for a while. Then, well, right after we sold EchoSign to Adobe way back in 2011, things picked up, with a slow with material and steady increase in public multiples from 2012 to 2015.
Since 2008, the US experienced an unabated 12 year bull market fueled by four waves of money printing which increased US money supply by 30%+. The slides are embedded above & linked here. My brief narrative of the slides follows. The current state of affairs arose as a result of the Global Financial Crisis.
The previously fixed financial products that existed in 2008 of a $4-6M Series A and a $10-12M Series B are gone. And this means that the financial product that we call the Series Seed or Series A is meaningless; it’s just the header on the fundraising documents.
The era after 2006 and through the 2008 financial crisis was a different time to raise capital. If we look at the ROIC across IPOs across the last 12 years or so, we see that same initial dynamic of incredibly efficient companies in the 2010 and 2014 IPO cohorts. But the efficiency is declining, markedly. There are a few reasons for this.
Billion way back in 2008. So Domo is an interesting case study on SaaS entrepreneurship. Founder Josh James had one of the earliest $1B+ exits in SaaS when Adobe bought his first start-up, Omniture, for $1.8 Omniture is still big and it dominated web analytics especially for bigger companies in the earlier days of the internet.
Just as the economic downturn of 2008 led to the cloud-based SaaS boom that became the new norm for digitally modern businesses, remote work will become ingrained in the core of the new “business as usual” following this pandemic. Let me reassure you: Remote selling is not a temporary trend.
Founder/CEO Lessons From 2000, 2008 and 2020 with Jeff Lawson and Byron Deeter , CEO of Twilio and GP at Bessemer Venture Partners. Funding in the Time of Coronavirus, Mark Suster , Upfront Ventures. Marking Trade-Offs in Marketing: What to Do, What to Pause with CMO of Tripactions , Meagan Eisenberg.
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