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The 250,000 Customer Club: How HubSpot and Monday.com Both Created SMB+ Empires

SaaStr

Both started SMB (Monday even more so), and Both have now gone more enterprise (Monday even more) But still with the vast majority of their customers SMB. Convergent evolution from 2 very different start-ups that now have many similarities at scale. Let’s look at where both companies stand today: HubSpot ARR : $2.7B

SMB 273
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Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

So at BILL’s scale, you have to put programs into place across the company to connect employees to customers, to help you focus on all the different stakeholders vs just the contract signer. SMB Unit Economics: Why Is 6 Quarters the Right Target for SMBs at Scale? BILL wants to be at the heart of every SMB business.

SMB 307
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Dear SaaStr: What Are The Top Worries Founders Have As They Start to Scale?

SaaStr

Dear SaaStr: What Are The Top Worries Founders Have As They Start to Scale? How To (Keep) Scaling Revenue: Many founders struggle with how to scale from $1M to $10M ARR, and then from $10M to $100M ARR. From Initial Traction to Initial Scale (~$10M in ARR): The Hardest Phase. Go find them. Ok, almost all founders.

Scale 232
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Scaling 6 Products to $100M+ ARR Each: Samsara’s CPO Kiren Sekar on Multi-Product Growth

SaaStr

Samsara was intentionally multi-product from the earliest days, and they carefully planned out scaling 5+ products to $100M+ ARR. Mid-Market Is The Perfect Laboratory For Both Product and Go-To-Market Development Most founders falsely view market segmentation as a binary choice between SMB and Enterprise.

Scale 260
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5 Interesting Learnings from Klaviyo at Almost $1 Billion in ARR

SaaStr

Klaviyo dominates marketing in the Shopify ecosystem and in ecommerce, and just keeps on scaling. 110% NRR from 157,000 SMBs Yes, it can be done, 110% NRR from SMBs. .” 110% NRR from 157,000 SMBs Yes, it can be done, 110% NRR from SMBs. SMB Weaker. It was the only SaaS IPO on 2023. The only one!

Scale 301
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5 More Interesting Learnings From HubSpot at $2.4 Billion in ARR

SaaStr

HubSpot has gone upmarket over the past years, while also remaining even more SMB-focused. 36K+ Deals Also Increased to 28% of the Base Shopify has seen something somewhat similar, as both have gone upmarket, growth in SMB and smaller customers have still kept up. Because even more start smaller than ever.

SMB 312
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5 Interesting Learnings from RingCentral at $2.43 Billion in ARR

SaaStr

Even With a Big Enterprise Push for Years, 60% of Revenue Still From Mid-Market and SMB RingCentral closed 20 $1M+ TCV deals last quarter. But even as they push more and more into the enterprise, the SMBs still are buying. A reminder to not stay too reliant on direct sales as you scale. Either way — ouch.

Scale 284