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The PIK Fuse: How Private Equity Software Deals Like Medallia Actually Blow Up, and Exactly Who’s Next
Jun 21, 2026
The PIK Fuse: How These Deals Actually Blow Up, and Exactly Who's Next Thoma Bravo handed Medallia to its lenders in April. Blackstone, KKR, Apollo, and Antares took control of a company Thoma Bravo bought for $6.4 billion in 2021, wiping out roughly $5.1 billion in...
Dear SaaStr: What Can We Do To Make Our Customers Truly Happier?
Jun 21, 2026
Dear SaaStr: What Can We Do To Make Our Customers Truly Happier? Keeping your customers happy boils down to one thing: delivering value consistently. For real. And ideally, much more value than they are paying in. https://www.youtube.com/watch?v=r4MfMumdHsA Let’s...
90%+ of VP+ Candidates Can’t Tell Me What They’ve Learned After 10 Interviews. That’s a Disqualifier.
Jun 20, 2026
I've been a board member and investor for a long time now, and I've developed a simple habit with executive candidates. I try to be one of the last interviews. By that point, the candidate has usually done 8, 10, sometimes more conversations with the founding team....
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The PIK Fuse: How Private Equity Software Deals Like Medallia Actually Blow Up, and Exactly Who’s Next
By Jason Lemkin | June 21, 2026
The PIK Fuse: How These Deals Actually Blow Up, and Exactly Who’s Next Thoma Bravo handed Medallia to its lenders in April. Blackstone, KKR, Apollo, and Antares took control of a company Thoma Bravo bought for $6.4 billion in 2021, wiping out roughly $5.1 billion in equity held by the firm and its co-investors. The…
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Blog Posts, Q&A
Dear SaaStr: What Can We Do To Make Our Customers Truly Happier?
By Jason Lemkin | June 21, 2026
Dear SaaStr: What Can We Do To Make Our Customers Truly Happier? Keeping your customers happy boils down to one thing: delivering value consistently. For real. And ideally, much more value than they are paying in. Let’s break it into actionable steps: 1. Define Success Together This is skipped or glossed over way, way too…
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Blog Posts, Human Resources
90%+ of VP+ Candidates Can’t Tell Me What They’ve Learned After 10 Interviews. That’s a Disqualifier.
By Jason Lemkin | June 20, 2026
I’ve been a board member and investor for a long time now, and I’ve developed a simple habit with executive candidates. I try to be one of the last interviews. By that point, the candidate has usually done 8, 10, sometimes more conversations with the founding team. And I ask one question: “You’ve done 10…
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Aaron Levie, CEO and Co-Founder of Box

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Eric Yuan, CEO & Co-Founder of Zoom

"SaaStr is the undisputed thought leader in how to build SaaS businesses. Jason is legendary."
Lew Cirne, CEO of NewRelic

"SaaStr is the undisputed thought leader in how to build SaaS businesses. Jason is legendary."
Lew Cirne, CEO of NewRelic

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Scott Dorsey, CEO of ExactTarget

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Popular Q&A
Schmoozing Is Dead, Agents Are Hitting 120% of Humans, and Growth Is the Only Thing That Matters: 10 Things From the Closing Q&A at SaaStr AI Annual 2026
May 17, 2026
We just wrapped SaaStr AI Annual 2026, and the closing Q&A on Day 3 ended up being one of the most engaged of the whole gathering. No script, no prepared deck, just an hour-and-a-half of questions from the audience on the topics most on their mind....
Dear SaaStr: What Was the Toughest Rejection You Ever Had in Sales?
Oct 26, 2025
Dear SaaStr: What Was the Toughest Rejection You Ever Had in Sales? The hardest rejection I’ve had in sales was around renewals. Especially ones I thought we really had earned. But still lost. In particular, in the early days of EchoSign / Adobe Sign, we had a...
Dear SaaStr: What Is the Playbook for a Successful Customer Success Team?
May 10, 2025
Dear SaaStr: What Is the Playbook for a Successful Customer Success Team? A good playbook for customer success is all about driving retention, expansion, and customer happiness while making it scalable: Hire Truly Product-Savvy Customer Success Managers at First Focus...
AI at Scale: 8 Learnings from monday.com Co-Founder and Co-Ceo Eran Zinman
Feb 28, 2025
monday.com Co-CEO and Co-Founder Eran Zinman recently sat down with SaaStr CEO and Founder Jason Lemkin to share his insights on their journey, including how they’ve leveraged AI, maintained growth, and expanded into multiple product lines.
The 2025 SaaS Vibe Check: What Founders Need to Know Right Now with SaaStr CEO and Founder Jason Lemkin
Feb 19, 2025
SaaStr CEO and Founder Jason Lemkin did a vibe check into the state of SaaS, AI, venture funding, and the rollercoaster of building a business in 2025.
Dear SaaStr: Can an Entrepreneur Back Out of a Signed Term Sheet Without Damaging Their Reputation?
Dec 9, 2024
Dear SaaStr: Can an entrepreneur back out of a signed term sheet without damaging their reputation? In my experience — Yes, probably. As a founder, you can back out of a term sheet if something is off, or even if you just get another offer you prefer. There is a lot...


