SaaS IPOs
topic on 2 shows · 7 statements across 7 episodes
the Official SaaStr Podcast 
20VC
7 statements about SaaS IPOs, every show
Lemkin: There have only been four SaaS IPOs since 2021
“There's only been four SaaS IPOs since twenty-twenty-one since there's only been four.”
Clayton: Top-quartile SaaS IPOs since 2018 averaged over $400M ARR and 60% growth
“A top four tile company since 2018 was over four hundred million of ARR, growing at almost 60%, worth about seven and a half billion dollars, and as you can see, had very strong metrics, and still took about 10 years for them to get there.”
Lemkin: Only three SaaS companies have IPO'd since 2021
“If we look at the SaaS IPOs we've had, and there's only been three since twenty-twenty-one, only three IPOs, all time low.”
Lemkin: Only two SaaS companies have IPO'd since December 2021
“There've only been two SaaS IPOs since the crash of December of 20, 21. There's only been two. In fact, there's only been one point 1.5 because rubric is in process of going IPO.”
Lemkin: Klaviyo is the first major SaaS IPO since December 2021
“You know, on the B to B side, Klaviyo, as you know, I think last week filed for the first great SaaS IPO since December, 20 21. Since December, 20 21. They're at six hundred and fifty million in ARR, I think growing almost 60%, and they're profitable, and that…”
Kellogg: 2020 SaaS IPOs Averaged $330M ARR, 49% Growth, 120% NDR
“The average one had three hundred and thirty million in ARR, 49% revenue growth, and a 120% net dollar retention.”
Median 2018 SaaS IPO took 15 years and reached $200M ARR
“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 thousan…”