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Thanks to Cyvatar, Pacific Western Bank, Upzelo, UserGems, and Younium for Sponsoring SaaStr Annual 2023!

SaaStr

Cyvatar is a technology-enabled cyber security as a service (CSaaS) provider disrupting a $150 billion industry by introducing and delivering smarter, measurable managed security subscriptions to help you achieve compliance and security faster and more efficiently.

Banking 261
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We?re About To See a Lot More SaaS Debt

SaaStr

This article looks at the history of SaaS as it relates to financial capital and production capital. I argue that standard saas metrics make it possible for founders to scale using debt capital (production capital thats cheaper) instead of solely relying on venture capital (financial capital thats more expensive). .

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Clouded Judgement 8.30.24 - Incrementalism vs Transformative Leaps

Clouded Judgement

Simultaneously, venture markets have expanded dramatically, contributing to this overcrowding. In a world without venture capital (or other sources of external financing for startups), each company would have to grow solely based on the merits of their product and sales. Revenue multiples are a shorthand valuation framework.

Cloud 276
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5 Interesting Learnings From Slack. As It Gets Ready to IPO.

SaaStr

million funded by Slack and the balance funded by the venture capital funds who partner with Slack Fund.” million funded by Slack and the balance funded by the venture capital funds who partner with Slack Fund.” In fact, it has pretty similar metrics and sales cycles to other SaaS leaders here.

Scale 279
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Benchmarking WorkDay's S-1 - How 7 Key SaaS Metrics Stack Up

Tom Tunguz

In 2009 and 2010, the company recognized more revenue from services than subscription. Over time, subscription revenue will continue to increase compared to services revenue. In contrast, WorkDay typically signs 3-5 subscription year agreements, so the subscription revenue is a substantial annuity of long duration.

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Key Takeaways from the 2022 KeyBanc SaaS Metrics Survey

Kellblog

Unlike Meritech Public Comps , where you can see metrics for the best [1], public SaaS companies, this private company data is somewhat harder to come by (the only other source that springs to mind is RevOps Squared ) and, for most of us, it provides much more realistic comparables than Meritech [2]. Free cashflow (FCF) margin of -5%.

Metrics 145
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Clouded Judgement 9.6.24 - King Making

Clouded Judgement

Right now, there is A LOT of king-making happening in venture capital rounds in the AI space. Couple random thoughts I’ll try and digest at the end The capital in the system has exploded. The number of traditional venture capital funds that are each multiple billion in size has exploded.

Cloud 170