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TIRED: “We’re raising a small $3m round before we do a Big $20m Series A later this year” WIRED: “We’re raising $3m to build a $100m+ business. Period.” — Jason ✨Be Kind✨ Lemkin ???????? (@jasonlk) November 10, 2023 I wrote a version of this post just a few...
Nabbing enterprise clients could mean fewer deals to reach revenue goals. Just one enterprise client could lead to more thanks to the power of word-of-mouth and familiarity — “If this enterprise company likes their solution, then I’ll probably like it too.” In this...
More people are adopting cloud-based products across industries leading to rapid digital transformation and SaaS hypergrowth. How can you scale while staying relevant to the user? Navan (previouslys TripActions) has close to 8,000 customers globally, spanning large...
Dear SaaStr: What Are Some Realistic Ways To Get Rich in 5 Years? Work for (x) the very best possible person you can at (y) the very best possible start-up/successful tech co. And stay. You almost always have to stay 4-5 years. At least. It’ll be tight in 5...
What’s worse for a Seed VC: Losing 100% of a $2m investment on a seed start-up that never closes a Series A? or Losing 50% of a $2m investment on a seed start-up that ended up being a unicorn but then later stumbled? The latter. By far. Even though you’re...
Dear SaaStr: Do CEOs of Successful SaaS Startups Ever Have Any Free/Down Time? As CEO I’ve had as much free / down time as any exec on my team, possibly more: I always took my vacations Once I had great VPs, I didn’t even worry much about work on vacations I...
After several years of booming business in SaaS, the world of fundraising nearly gave everyone whiplash when capital stopped flowing as freely in 2022 as it did in 2021. So, what exactly is happening in the venture capital world, and what do startup founders need to...
So I was trying to remember how at Adobe Sign / EchoSign we got to profitability at $5m in ARR, and still grew 100% And then I looked back … We only had 25 employees (!) at $5m ARR. Everyone had to truly execute at a high level. This still happens today, but it’s...