Median 2018 SaaS IPO took 15 years and reached $200M ARR
Alex Clayton · 20VC: Spark Capital's Alex Clayton on How The Best Growth Investors Source, Evaluate and Win Deals, Why Market Depth Is Crucial When Analysing Markets & Why Capital Is Only A Temporary Competitive Advantage · Mar 25, 2019 · at 24:32
Alex Clayton, Partner at Spark Capital, summarizes median metrics from S-1 prospectus filings of high-growth SaaS companies that went public in 2018.
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“You had to be around about 15 years. You're about two hundred million plus in ARR, growing around 40%, have 75% gap gross margins, are losing money, have at least 120% net dollar expansion rate, sell a thirty-k product per year on average, Have about a thousand people and have raised three hundred million dollars from venture and growth investors and have burned about two hundred million of it. At IPO last year, those companies, they sold about two hundred and fifty million dollars of stock at a valuation around two billion.”
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