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

SaaStr

When SaaStr Fund made the first investment in RevenueCat back in 2018, nobody could have predicted that this “simple API for managing in-app subscriptions” would become the infrastructure powering 33% of all mobile subscription apps and reach a $500M valuation in 2025. The SaaStr Fund Thesis: Mobile Subscriptions Will Explode.

Payments 270
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Battery Ventures: Startups Are Actually Far More Overvalued Now Than in 2021

SaaStr

But my view has been that while AI spend is a way of innovation like we haven’t seen since mobile exploded, at the same time, there is only so much budget in the end. I see it happening a bit myself in classic B2B. Where 100x, 200x, even 300x ARR deals are the norm for the hottest deals. We’ll see.

Startup 293
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85% of Business App Trials Start on Day 0. Don’t Waste Your Shot. The Latest Data from 75,000 Apps and RevenueCat

SaaStr

I’m fortune that SaaStr Fund was the first investor in RevenueCat in 2018 and today it’s grown into the #1 tool to manage mobile subscriptions, powering 40% of all mobile subscription apps, and even ChatGPT’s mobile app itself. So they see 40% of all mobile subscriptions — and a ton of data from it.

Data 190
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The Problem with “Small But Mighty” AI Start-Ups

SaaStr

Many of the early break out leaders in AI for B2B and otherwise have been “small but mighty teams” Honestly we’d all love it if that scaled. They have 40% market share in their space — managing mobile subscrptions. So that 30 person, $100m ARR AI B2B start-up? In a handful of months! It’s possible.

AI 272
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Mobile App Tracking: How to Analyze User Behavior In-App

User Pilot

All questions you can only answer with: Mobile app tracking. This article breaks down what mobile app tracking is, why it matters, and methods to do it well. What is mobile app tracking? Track mobile app engagement metrics with Userpilot. How it helps: Mapping structures your mobile app analytics.

Mobile 96
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Dear SaaStr: We Have More Than 20% Churn Our First Month. What Should We Do?

SaaStr

This is pretty common in the prosumer space and especially in mobile subscription apps. And even where you don’t see 20% churn the first month with SMBs, it often lurks, because most B2B apps in SaaS don’t even get 80% of their SMBs activation the first month. Dear SaaStr: We Have More Than 20% Churn Our First Month.

Churn 184
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SaaStr.com Mobile Audience Up 77% in 2021. Desktop? Just 17%.

SaaStr

I’m embarrassed to say I hadn’t paid enough attention to how many folks read SaaStr.com on mobile vs. desktop. Mobile sessions up 76.69%. Mobile should cross over to 50% of all SaaStr.com sessions in the next month or two. Are you really designing enough of your assets for mobile-first? Everyone in B2C does.

Mobile 203