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A $30B Software Company from a $15m Investment

Tom Tunguz

A former venture capitalist, Mark Leonard started Constellation in 1995 with $15m of outside investment & a goal of buying vertical software companies with a moat & good unit economics. Vertical software companies pursue a particular market segment like car dealership management or hotel management software.

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The 6 Most Common Mistakes Founders Make When They Are Just Starting to Scale Revenue

SaaStr

One of the biggest mistakes I see after $1m in trying to enter new market segments, new verticals, where you have zero traction. It’s one thing to invest in an area where only 5% of your business is today. Let me list some of the ones I see most often going from say $1m to $10m in ARR: Chasing the Shiny Penny.

Scaling 264
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Dear SaaStr: How Does a SaaS Startup Break Out in a Crowded Market?

SaaStr

Many Bigger Cos aren’t invested deeply in a particular platform. Another way to look at it is any vendor sort of has to ignore any market segment that is < 10% of their revenues. Gorgias did the same for contact center in e-commerce. E.g., their Shopify or HubSpot integration might be weak. Or not even exist.

Startup 220
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5 Interesting Learnings from Procore at $1 Billion in ARR

SaaStr

It’s still time to invest! So they have pushed operating margins even higher, but do have contingency plans to do so if market conditions get tougher (i.e., Many see the “mid-market” as the toughest market segment to win in. That’s a ton of progress and a much more efficient business.

Scale 202
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Scaling Past $10M ARR: Listening to the Market and Defying Tradition with WorkRamp CEO Ted Blosser (Video)

SaaStr

A few enterprise clients continued to come in through inbound, but the company carved out a winning market segment with the under 5K employee focus. Customer Impact : A much better PMF for SMB & Mid-Market customers. “You WorkRamp invested a lot in its customer success team, contributing to the gross margin.

Scale 192
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10 Things I Wish My Board and VCs Had Told Me

SaaStr

Invest more there. If yours is, invest more there and worry a little less about pressure to do new things, new market segments, etc. If yours is, invest more there and worry a little less about pressure to do new things, new market segments, etc. Truly beloved products win. Double down there.

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Totango named 3x TrustRadius “Best of” award winner in customer success

Totango

out of 10 and more than 397 reviews on the site, Totango earned its spot as the best of the customer success software category thanks to testaments from our customers across industries and market segments. “ What our customers are saying With a trScore of 8.1 The bomb in customer success software!