5 Interesting Learnings from Circle at $2.3 Billion in “ARR”
SaaStr
JUNE 11, 2025
The B2B / SaaS Learning : Partnership deals that seem great in early days can become value traps at scale. Structure partnerships with revenue caps or tiered economics that protect your margins as you scale. The “Scale Economics Paradox”: Revenue Up 16%, Profit Down 42% Circle shows the dark side of growth at scale.
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