2023 Business Model cloud efficiency Sales 
SaaStr
JULY 5, 2023
2022 Saw a Slowdown in Usage Growth, But 2023 Saw a Potential Bounce Back. The start of 2023 (FY ‘4) may have seen a partial bounce back, however. And here you can see the magic in Mongo’s business model. But it leans in big with a sales-driven motion of big customers as their accounts scale. #7.
SaaStr
JULY 24, 2023
Instead of looking at those who are struggling, let’s take a look at the epic growth story of MongoDB, a company crushing it in 2023. That’s about as good as it gets in SaaS and Cloud! While many less efficient public SaaS companies are trading at tough multiples of 3-4x ARR, and the average is about 6x ARR, MongoDB is almost 20x ARR.
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