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New research from Professor Ilya Strebulaev at Stanford University Graduate School of Business reveals a dramatic shift in how unicorns exit. A brief recovery to 24% in 2023, then back down to 11% in 2024. Most $1B+ Exits Aren’t IPOs Anymore. In fact, only 11% are. What changed?
The numbers validated this quickly: 2018: 100 apps, $1M tracked revenue 2020: Series A at $15M 2021: 6,000+ apps, $1B+ tracked revenue, Series B at $300M valuation SaaStr Fund’s bet wasn’t just on the founders or the technologyit was on the inevitable shift toward subscription-first mobile business models.
billion Business : Construction management software Procore demonstrated steady growth with revenue increasing from $289.2 billion Business : IoT platform for fleet management and industrial operations Samsara’s revenue more than doubled between fiscal 2020 and fiscal 2021 (ending 30 January 2021). million in 2019 to $400.3
It reveals a product-led growth (PLG) business with a remarkable trajectory. For every dollar spent on sales & marketing in 2023, Figma generated a dollar of new gross profit in 2024. Given its high growth & unique business model, how should the market value Figma? Yesterday, Figma filed its beautifully designed S-1.
While many businesses still rely on store-level infrastructure, it's time to embrace the unlimited potential of the cloud! It's about unlocking unparalleled flexibility and driving business agility. July 26th, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST Save your seat today!
Growth Has Re-Accelerated Fueled by commercial and government contracts, and by AI-related demand in both, Palantir is seeing growth re-accelerate from 2023. When it IPO’d, commercial customers were a tiny bit of their business. Let’s dig in. 5 Interesting Learnings: #1. Pretty impressive. #2. And revenue is up +55%.
.” The SaaS Market Has Turned a Corner According to Brian, who sees the market through multiple lenses as HubSpot’s Chairman and through his role at Sequoia Growth and Propeller VC, the SaaS downturn that dominated 2022-2023 ended recently. “It felt like we came out of the recession in Q3 of 2024,” Brian noted.
Replit’s Dramatic Transformation: From Stagnant to Stratospheric The Dark Years (2016-2023): Building in the Desert Replit’s story begins like many overnight successes—with years of grinding in obscurity. 2023 : $2.4M at a $1.16B valuation in 2023) and growing to 22.5M ARR Despite raising significant funding ($97.4M
How They Did It (The MongoDB Method): Disciplined hiring during the 2022-2023 downturn Revenue scale (easier to leverage fixed costs at $2B+ revenue) Product mix shift (Atlas has better unit economics) AI automation (reducing operational overhead) The Critical Insight : MongoDB didn’t sacrifice growth for profitability.
October 26th, 2023 at 9:30am PDT, 12:30pm EDT, 5:30pm BST Save your seat today and elevate your understanding of the evolving consumer landscape and the future of commerce!
and strong unit economics … Figma’s IPO filing also reveals fascinating insights about the future of software creation, team collaboration, and platform business models. Beyond the obvious metrics of explosive revenue growth (48% YoY at almost $1B ARR!!) Here are the hidden gems: 1.
Fresh data from Ramp’s AI Index suggests that the meteoric rise in business AI spending might be showing signs of deceleration, raising questions about whether we’re witnessing market maturation or beginning to hit a potential adoption ceiling: The numbers tell a nuanced story. businesses has reached an incredible 41.7%
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million registered Discord users by March 2024, generating $300 million in revenue in 2024, up from $200 million in 2023. Enterprise AI Goes Mainstream : 78% of organizations now use AI in at least one business function. Anthropic went from 240 employees in 2023 to 1,035 by September 2024 – a 331% increase. The kicker?
Learning #1: The Growth Reality Check – We’re Back to Pre-March 2020 Levels of Growth For Most (And That’s Actually OK) The brutal truth : Overall median growth dropped from 30% in 2023 to 25% in 2024. Yes, you read that right – a 5 percentage point decline year-over-year.
Every business process becomes an AI opportunity. AI Infrastructure Has Infinite Demand Unlike traditional infrastructure that has clear capacity limits, AI infrastructure demand appears to be genuinely unlimited. Every dataset becomes training data.
98% NRR from Enterprise Customers, Down from 101% a Year Ago and 115% in 2023. Contact Center and Workvio (Employee Engagement) Products Are Growth Levers Today CEO Eric Yuan is the GM of the Contact Center business himself, and their Workivo acquisition of 2 years ago has worked well. It’s seen churn fall to 2.7%
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Navan’s move could signal the opening of long-awaited floodgates for B2B software companies that have been waiting on the sidelines since the market downturn of 2022-2023. When COVID-19 decimated business travel in 2020, Navan could have become another casualty. The company also faces fundamental business model questions.
Is your B2B startup now part of the past … because it was founded before 2023? link] — Akshay Krishnaswamy (@hyperindexed) May 5, 2025 The Pre-AI Stigma Is Real If you founded your SaaS company before 2023, you’re wearing the “pre-AI” label whether you like it or not. No one’s coming to save you.
Top quartile YoY ARR growth rates have remained essentially flat across most segments since 2023. ” These companies saw their top quartile growth rates jump from 78% in 2023 H1 to 93% in 2025 YTD—the only segment showing meaningful improvement. But there’s one bright spot that should give mid-stage founders hope.
Public SaaS companies’ growth rates have halved since 2023, as David Spitz pointed , from 36% to 17%. It’s not to say software spending is slowing (it’s not), or that there aren’t fast-growing businesses (they thrive in the private markets). The median has never been lower in the last ten years.
This report outlines the most common types of fraud to look out for in 2023 and offers merchant-reported preferred best practices to help minimize fraud losses. How fraud changes based on the size of business. In the report, you’ll find: The scale and type of fraud seen in the global marketplace.
One CIO reported: “what I spent in 2023 I now spend in a week.” ” The Money Shift : AI has officially graduated from pilot programs to permanent budget line items in core IT and business units. This represents a fundamental shift from experimental dollars to recurring revenue opportunity.
This taught them a crucial lesson: in a category-creation business, every point of friction matters. Integrated AI Early and Iterated Continuously While many companies rushed to add AI features in 2023-2024, Vanta had been quietly integrating AI into their compliance tools for years. The lesson? And we hadn’t.”
The company reported more than 5,200 business customers using its AI capabilities weekly and achieved quarterly revenue topping $1 billion for the first time in Q1 2025exceeding analyst expectations. This acquisition builds on previous AI investments, including the 2023 purchase of Neeva, a generative AI search startup.
Prey Reality The AI Funding Explosion That Should Terrify SaaS Leaders Let’s start with the brutal math that should keep every SaaS CEO awake at night: $100 billion in venture capital went to AI startups in 2024 — an 80% increase from 2023 SaaS companies raised only $4.7 Palantir was ready. The future has already begun.
An organization’s path to AI success can be full of obstacles, from a proper assessment of its own AI maturity, to a better alignment between business and technical teams, many factors can influence the outcomes. While AI progress is hard, companies don’t have to get stuck in an endless loop of inertia on their path to value-driven AI.
Sometimes that materially makes their business lives better. At SaaStr Annual 2023, David Sacks of Craft Ventures shared how Yammer once recovered a Fortune 100 customer who had already signed with a competitor. Is It Magical? Filling a feature gap others do just as well won’t get your customers’ loyalty back.
When you’re expanding your software business into new regions, industry benchmarking data can help you make better strategic decisions by answering important questions about business in the region. How can businesses best position their subscription products for success in the Asian market? or EU, or are they different?
First and foremost, this video allowed me to hit the threshold of being monetized on YouTube with ads (meaning I literally get paid to market my business). It helped me understand the different ways YouTube could benefit my business, ad revenue included. What video do I want to create?
The Rule of 40 Score Has Nearly Doubled in Two Years Palantir has achieved an jaw dropping Rule of 40 score of 83%, up from 38% in Q2 2023. Fueled by AI demand, it closed 139 $1B+ deals last quarter … And 31 $10M+ deals … in just 1 quarter And … it’s raining cash. 24% GAAP profit margins! We are early.
In 2023, we are navigating inflation and its impact on consumer spending, various lasting side effects from the pandemic, and a looming recession in the back half of the year. Join DeAnna McIntosh, Retail Growth Strategist, for this idea-sparking session on how to reimagine and reinvigorate the retail business model.
And now it’s transitioning to its third phase, investing big in its more AI focused business offering, Dash, while managing its classic but mature file sharing business efficiently. Market Share In Its Core / Original File Sharing Business This is interesting data at a level most B2B leaders don’t share.
Most social media users — especially those leveraging the networks to boost visibility for themselves, their businesses, or their work — accept that the good of social media goes hand-in-hand with the bad. But what if there was an alternative? As it happens, there are several.
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billion in Q4 FY2025 Cloud Services became Oracle’s largest business, with non-GAAP operating income up 14% in constant currency to $5.7 But the real story is in the cloud numbers: cloud business earned €17.14 billion: a sharp 25% jump from 2023. SAP’s Joule actually makes business processes more efficient.
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Last week Databricks shared some important updates on their business which allows us to compare the progress of the two companies. the dawn of the modern AI era) in late 2022 and a rebounding software economy in early 2023. Databricks seems to be closing the gap on Snowflake faster than expected.
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