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How SaaStr Fund-Backed RevenueCat Went from a $1.5M Round at $7M Valuation in 2018 to $500M+ Today

SaaStr

Lemkin (@jasonlk) May 22, 2025 The Early Days: Solving a Real Problem (2017-2018) Jacob Eiting and Miguel Carranza weren’t trying to build a unicorn when they started RevenueCat in 2017. They were two developers who had lived through the nightmare of subscription infrastructure while working at Elevate.

Payments 281
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The Early Days: How Veeva Hit $100m ARR With Just $3m Raised — And a Deep Vertical Focus

SaaStr

I get to set the price of the apples because they’re my apples. Price Determines Product Quality (Self-Fulfilling Prophecy) “When you’re making a product, the price you set will determine how good your product is. net income, 111.5% revenue growth year-over-year 2013 IPO : $129.5M That’s it.”

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The Early Days: 5 Things Vanta Got Right, And 5 It Got Wrong, Getting to First $10m ARR

SaaStr

5 Things Vanta Got Right and 5 They Got Wrong getting to the first $10m ARR When Christina Cacioppo co-founded Vanta in 2017, security compliance was an afterthought for most startups. Simplified Pricing to Annual-Only Early Vanta initially offered both monthly and annual pricing options, following the standard SaaS playbook.

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Navan Files for IPO: The Opening of B2B IPO Floodgates?

SaaStr

Digital health company Hinge Health’s May 2025 debut particularly stands out—the company priced at $32 per share (top of its range) and opened at $39.25, closing up 17% on its first day. 2025-2026 Anduril 2017 Palmer Luckey Defense Tech $1B $30.5B But these were largely specialized or consumer-adjacent plays. volume $91.5B

B2B 189
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8 Out of 10 SaaS Founders Are Burning Cash Faster Than Ever — And Why YC is On Fire (SVB’s 2025 Data Breakdown)

SaaStr

Four Out of Seven IPOs in 2024 Were Down Rounds And That’s Actually Normal The Surprise : Despite investor hand-wringing about “down round IPOs,” 57% of the 2024 VC-backed tech IPOs priced below their last private valuation but historically, this isn’t unusual and doesn’t predict poor performance.

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Why IoT Monetization Fails—And How to Fix It Before It Costs You Millions

Blulogix

Maybe even macros from 2017. Codify: Co-termination rules Upgrade and add-on pricing Tiered pricing based on usage Overages, taxes, and discounts Commission logic for partners With a billing engine like BluLogix, you dont need to custom code every ruleyou just configure it. But back at HQ? Manual data entry.

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The $4.5B Board Meeting: Inside Snowflake’s AI Transformation and the CEO Who Bets His Company on Their Platform

SaaStr

The conversation revealed fascinating insights about how AI is transforming enterprise data, the future of technical sales, and the mechanics of truly strategic partnerships in the age of consumption-based pricing. “The pieces to do that are already there. “They wanted to build their own database.

AI 269