The Ledger
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Lemkin predicts Klaviyo will surpass Shopify in SaaS revenue in years
“They will cross, they will be doing more SaaS revenue than Shopify in a couple years.”
Lemkin: Klaviyo will be worth close to $10 billion
“Klaviyo is going to be worth, I think, close to ten billion.”
Klaviyo Seed Round Was Raised at a 20x ARR Valuation
“So, you know, I remember asking, I was like, hey, look, I know 10 X is the normal thing. Can we do 20 X? And again, we wasn't really scientific and yeah, I mean, this seed investor we were working with just said, yeah, sure. That sounds good.”
Lemkin: Only two SaaS companies have gone public since late 2021
“I'm concerned that we've only had two SaaS-ish IPOs since twenty-twenty-one. We've only had two since HashiCorp was the last one of the bubble of December of twenty-twenty-one, right? Just got bought for IBM. If only had two, we've only had Klaviyo and Rubrik.”
Lemkin wagers $2,000 that recent tech IPOs stay above IPO price
“I'll say all three are up. I'll go two grand on this one.”
Lemkin: 80% of Klaviyo's revenue is generated through the Shopify ecosystem
“80% of Klaviyo's revenue is off Shopify”
Bialecki: Klaviyo Waited 10 Years Before Making Its First Price Change
“We did our first price increase, like, basically since we, or first price change you know what was it? I guess last year and that was, like, the first one in, like, 10 years.”
Lemkin: Klaviyo Is Growing 50% at $750M ARR
“Look at Klaviyo for a minute. They're growing. I mean, the growth's come down a little bit, but they're growing, I think, 50% at seven hundred fifty million in ARR.”
Hoffman: Recent tech IPOs will not hold IPO prices by Halloween 2024
“If you're saying, are they all up? I would say, I will say no. I say the chance that they're all up would be very, very would be very low.”
Jason Lemkin bets $10,000 that Klaviyo stock will rise 20% within 12 months
“I'll bet 10 grand to anyone that takes it that Klaviyo, 12 months from when this episode goes out or today, whatever Harry says, trades at 20% or higher from where it is today. I'll bet 10 grand it's 20% or higher.”
Klaviyo Took 36 Months to Reach $1M in ARR
“For us, we started on January first of 20 12. In year one, we got to a couple thousand dollars in MRR. So say maybe 20,000 dollars in ARR. In year two, we got to a quarter of a million dollars in ARR, which was a huge jump, but we were still, you know, I think…”
Klaviyo Raised a $1.5 Million Seed Round Around $1M ARR
“We raised a million and a half dollars and we weren't super, you know formulaic about it.”