In SaaS — on my goodness, yes.
In ’05-’06 literally every SaaS start-up knew each other. Salesforce could fit us all into one small ballroom for an event. I think I knew every SaaS CEO personally in that cohort. I didn’t. But it felt that way.
By ’07-’08 the numbers seemed to have gone up 10x.
Today, the number of SaaS start-ups seems infinite, and more importantly, the number that have even achieved $1m ARR feels to be in the 1000s.
As a result, it’s harder to break out, and the bar has gone up.
The markets are bigger than ever. So … when you hit it, you can really hit it big. And grow faster than ever.