| 11T | “11 trillion” | Magnuson: Braze Reaches Nearly 5B MAUs and Sent 2T Messages in 2022 | Bill Magnuson | Jun 30, 2023 | Supported |
| 4.6T | “4.6 trillion” | Samsara Ingested 4.6T Data Points and 85B Video Minutes Last Year | Kiren Sekar | Mar 19, 2022 | — |
| 3T | “three trillion” | SpaceX, Anthropic, and OpenAI IPOs will exceed all past tech IPOs combined | Jason Lemkin | Jul 8, 2026 | Open |
| 2T | “two trillion” | Magnuson: Braze Reaches Nearly 5B MAUs and Sent 2T Messages in 2022 | Bill Magnuson | Jun 30, 2023 | Supported |
| 1.2T | “1.2 trillion” | Gartner: Global Enterprise Software Spending Accelerated to 11.9% in 2025 | Jason Lemkin | Jan 2, 2026 | Supported |
| 1.2T | “1.2 trillion” | Hoover: US businesses lose $1.2 trillion annually to ineffective communication | Brad Hoover | Oct 25, 2022 | Supported |
| 1T | “a trillion” | Lemkin: Anthropic and OpenAI Will Reach Trillion-Dollar Valuations | Jason Lemkin | Jan 2, 2026 | Open |
| 1T | “a trillion” | Lemkin: VCs now target trillion-dollar outcomes instead of billion-dollar exits | Jason Lemkin | Aug 27, 2025 | — |
| 1T | “a trillion” | Deeter: 61 pure-play cloud index companies reached $2.2T market cap | Byron Deeter | Mar 14, 2021 | Supported |
| 600B | “six hundred billion” | O'Driscoll: Tech CapEx grew from $200B to $600B in four years | Rory O'Driscoll | Jul 15, 2026 | Supported |
| 600B | “six hundred billion” | O'Driscoll: VCs Are Hedging Between Foundation Models and SaaS | Rory O'Driscoll | Jul 15, 2026 | — |
| 500B | “five hundred billion” | Halligan: Enterprise SaaS incumbents demonstrate exceptional durability over decades | Brian Halligan | Dec 27, 2024 | — |
| 500B | “half trillion” | Deeter: 2021 Forbes Cloud 100 accounts for over $500B in aggregate value | Byron Deeter | Oct 14, 2021 | Supported |
| 400B | “400 billion” | Lemkin: Enterprise software growth is half price hikes, quarter AI budgets | Jason Lemkin | Dec 17, 2025 | Supported |
| 400B | “a three hundred billion” | Lemkin: Almost 100% of SaaS founders under-invest in customer success | Jason Lemkin | Dec 9, 2021 | — |
| 300B | “three hundred billion” | Kayyal: Salesforce listed a $6B TAM in its 2004 IPO filing | Alex Kayyal | Dec 2, 2022 | Partly supported |
| 200B | “two hundred billion” | O'Driscoll: Tech CapEx grew from $200B to $600B in four years | Rory O'Driscoll | Jul 15, 2026 | Supported |
| 200B | “two hundred billion” | Lemkin: Salesforce's share of total cloud market cap halved in five years | Jason Lemkin | Nov 4, 2021 | — |
| 100B | “a hundred billion” | Lemkin: A $100B Startup Acquisition Will Occur in the Next 12 Months | Jason Lemkin | Jun 11, 2026 | Open |
| 100B | “a hundred billion” | Ripabelli: Building a $100B Company Still Requires Massive Headcount | Victor Riparbelli | Jan 31, 2025 | — |
| 100B | “hundred billion” | Wright: Early sales must focus on immediate customers, not VC TAM pitch | Lauren Wright | Sep 6, 2022 | — |
| 85B | “eighty-five billion” | Samsara Ingested 4.6T Data Points and 85B Video Minutes Last Year | Kiren Sekar | Mar 19, 2022 | — |
| 80B | “eighty billion” | D'Onofrio: Private cloud capital grew 10x to over $180 billion | Mary D'Onofrio | Mar 14, 2021 | Supported |
| 77B | “seventy seven billion” | AI Venture Funding Hit $377B in the First Half of the Year | Jason Lemkin | Oct 22, 2025 | Contradicted |
| 71B | “a seventy billion” | Tamir: Serving 70B open-source LLMs forces teams to buy reserved GPUs | Mike Tamir | Apr 26, 2024 | — |
| 63B | “sixty three billion” | AI Venture Funding Hit $377B in the First Half of the Year | Jason Lemkin | Oct 22, 2025 | Contradicted |
| 50B | “fifty billion” | Lemkin: Anthropic Will Reach $50B in Revenue in Four Years | Jason Lemkin | Jun 11, 2026 | Held up |
| 50B | “fifty billion” | Halligan: Enterprise SaaS incumbents demonstrate exceptional durability over decades | Brian Halligan | Dec 27, 2024 | — |
| 50B | “fifty billion” | Deeter: AWS holds over 30% of a $150B cloud market | Byron Deeter | Mar 14, 2021 | Supported |
| 41B | “a forty billion” | Lemkin: Cerebras is going public at $40B with two Middle Eastern customers | Jason Lemkin | Jul 8, 2026 | Supported |
| 40.9B | “40.9 billion” | Benioff: Salesforce Guided to Around $40.9 Billion for the Year | Marc Benioff | May 2, 2025 | Supported |
| 35B | “thirty-five billion” | Veeva Systems reached a $35B valuation raising just $3M in capital | Jason Lemkin | Jul 10, 2024 | Contradicted |
| 35B | “thirty-five billion” | Lemkin: Veeva raised only $3M and is worth $35B | Jason Lemkin | Jun 26, 2024 | Partly supported |
| 34B | “thirty-four billion” | Lemkin: Veeva Systems raised $3M and reached a $34B valuation | Jason Lemkin | Oct 18, 2024 | Partly supported |
| 31B | “a thirty billion” | Kayyal: Salesforce listed a $6B TAM in its 2004 IPO filing | Alex Kayyal | Dec 2, 2022 | Partly supported |
| 30B | “thirty billion” | Lemkin: Founders Should Pass on Sales Leaders Who Avoid Customer Meetings | Jason Lemkin | Sep 19, 2024 | — |
| 30B | “thirty billion” | Lemkin: Veeva and Qualtrics IPO'd with 70% and 80% Software Revenue Splits | Jason Lemkin | Jul 14, 2023 | Supported |
| 30B | “thirty billion” | Algolia CRO: Company Has Over 13,000 Customers and 30B Weekly Searches | Michelle Adams | Nov 22, 2022 | — |
| 26B | “twenty-six billion” | Lemkin: LinkedIn panicked and sold cheaply to Microsoft for $26B | Jason Lemkin | Jun 26, 2024 | — |
| 22B | “twenty-two billion” | Senkut: Adyen reached a market capitalization of over $22 billion | Aydin Senkut | Jun 19, 2019 | Supported |
| 20B | “twenty billion” | Lee: GGV portfolio company Kingsoft WPS trades at a $20B valuation | Jenny Lee | Apr 13, 2023 | Supported |
| 20B | “twenty billion” | Lemkin: HashiCorp and GitLab should be valued at $20B each | Jason Lemkin | Feb 3, 2023 | — |
| 20B | “twenty billion” | Lemkin: Almost 100% of SaaS founders under-invest in customer success | Jason Lemkin | Dec 9, 2021 | — |
| 13B | “a twelve billion” | Kennedy: Google Cloud tripled its $12B revenue run rate in five years | Sarah Kennedy | Mar 26, 2025 | Supported |
| 12B | “twelve billion” | Lemkin: Mailchimp suffered a failed year-long M&A deal before Intuit sale | Jason Lemkin | Mar 12, 2025 | — |
| 12B | “twelve billion” | Shopify partners generated $12B in 2020 versus Shopify's $3B in revenue | Amanda Malko | Dec 1, 2021 | Supported |
| 11.2B | “11.2 billion” | Lemkin: Shopify's 31% growth at $11B run rate is fastest in 3 years | Jason Lemkin | Feb 19, 2025 | Supported |
| 11B | “eleven billion” | Biestman: ServiceTitan currently trades at approximately an $11B market cap | Ross Beesman | Jul 30, 2025 | Partly supported |
| 11B | “eleven billion” | Lemkin: Shopify's 31% growth at $11B run rate is fastest in 3 years | Jason Lemkin | Feb 19, 2025 | Supported |
| 11B | “a ten billion” | Lemkin: Startup employees rarely get rich without a $10B+ exit | Jason Lemkin | Feb 3, 2023 | — |
| 11B | “a ten billion” | Senkut: PayPal lost $10 billion in market cap when eBay chose Adyen | Aydin Senkut | Jun 19, 2019 | Supported |
| 10B | “ten billion” | O'Driscoll: Hyperscalers Spending $688B on AI CapEx Against $110B in Revenues | Rory O'Driscoll | Jul 15, 2026 | Partly supported |
| 10B | “ten billion” | Queener: A $250M seed fund requires $10B in net exit value | Brett Queener | Oct 31, 2025 | — |
| 10B | “ten billion” | Lemkin: VCs now require $10B exits rather than $1B exits | Jason Lemkin | Jun 26, 2024 | — |
| 10B | “ten billion” | Lemkin: Klaviyo will be a monster IPO and trade over $10B | Jason Lemkin | Oct 3, 2023 | Held up |
| 10B | “ten billion” | Lemkin: Talkdesk Investment Reached a $1 Billion Position on Paper | Jason Lemkin | May 18, 2023 | — |
| 10B | “ten billion” | Lemkin: Talkdesk is currently worth $10 billion | Jason Lemkin | Jan 10, 2023 | Supported |
| 10B | “ten billion” | Pepper: Growth VCs can no longer underwrite to $10B outcomes | Doug Pepper | Dec 2, 2022 | — |
| 10B | “ten billion” | Haivas: Atomico Passes on $800M Startup Exits Due to Fund Size | Irina Haivas | Sep 1, 2022 | — |
| 9B | “an eight billion” | Qualtrics had one-third services revenue in its $8B SAP acquisition | Alfonso de la Nuez | Sep 13, 2022 | Contradicted |
| 8.5B | “a 7.5 billion” | Smith: Few companies reached a $7.5B acquisition via community like GitHub | Ashley Smith | Sep 11, 2019 | — |
| 8.5B | “a 7.5 billion” | Over half of GitHub's growth to $7.5B was entirely developer-driven | Ashley Smith | Sep 11, 2019 | — |
| 7B | “a six billion” | Padelford: Domino's generates $6B in revenue from 9,000 stores | Loren Padelford | Oct 8, 2024 | Contradicted |
| 6B | “six billion” | Lemkin: Hopin raised at $6B, but digital event demand died in 2020 | Jason Lemkin | Jul 8, 2026 | — |
| 6B | “six billion” | Kayyal: Salesforce listed a $6B TAM in its 2004 IPO filing | Alex Kayyal | Dec 2, 2022 | Partly supported |
| 6B | “six billion” | Koplow-McAdams: HubSpot hit $500M revenue, $6B market cap, and 52,000 customers | Hilary Koplow-McAdams | Mar 7, 2019 | Supported |
| 5B | “five billion” | Lemkin: Atlassian Re-Accelerated at $5B Revenue but Trades at 4x ARR | Jason Lemkin | Feb 18, 2026 | Supported |
| 5B | “five billion” | Lemkin: Clio Reached $5 Billion Valuation After Integrating AI | Jason Lemkin | Jan 2, 2026 | Supported |
| 5B | “five billion” | Lemkin Calls Adobe's $5B AI-Influenced Revenue Metric 'Malarkey' | Jason Lemkin | Oct 22, 2025 | — |
| 5B | “five billion” | Ramaswamy: Snowflake processes approximately 5 billion queries per day | Sridhar Ramaswamy | Jun 18, 2025 | Supported |
| 5B | “five billion” | Magnuson: Braze Reaches Nearly 5B MAUs and Sent 2T Messages in 2022 | Bill Magnuson | Jun 30, 2023 | Supported |
| 5B | “five billion” | Nottebohm: Top-down sales drove most software companies to $5B revenue | Olivia Nottebohm | Oct 20, 2021 | Supported |
| 5B | “five billion” | HubSpot's partner ecosystem generates $5B alongside its $1B software revenue | Brian Halligan | Feb 18, 2021 | Supported |
| 4.5B | “4.5 billion” | Pepper: Marketo sold for $1.8B before Vista flipped it for $4.5B | Doug Pepper | May 6, 2022 | Partly supported |
| 4B | “a three billion” | Lemkin: Clio Reached $5 Billion Valuation After Integrating AI | Jason Lemkin | Jan 2, 2026 | Supported |
| 4B | “four billion” | Lemkin: Zoom is growing at 4% annually on $4 billion revenue | Jason Lemkin | Mar 7, 2025 | Supported |
| 4B | “four billion” | Lemkin: Zoom Trades at 3.8x Despite Generating $2B Free Cash Flow | Jason Lemkin | Feb 19, 2025 | Supported |
| 4B | “four billion” | Dholakia: Bessemer Dedicates $1B of $4B Dry Powder to AI | Sameer Dholakia | Oct 11, 2024 | — |
| 4B | “four billion” | Lemkin: Zoom Stalled For Three Years After Hitting $4B In 2021 | Jason Lemkin | Jul 5, 2024 | Partly supported |
| 4B | “four billion” | Chestnut: Mailchimp aggregated 4 billion email addresses and trillions of interactions | Ben Chestnut | Jun 11, 2024 | — |
| 4B | “four billion” | Lemkin: Zoom revenue grew from $1B to $4B in a single year | Jason Lemkin | Oct 3, 2023 | Contradicted |
| 4B | “four billion” | Braze manages over 4 billion monthly active users across 1,500 customers | Bill Magnuson | Oct 20, 2022 | Supported |
| 4B | “a three billion” | Harbaugh: LaunchDarkly raised $200M Series D at $3B valuation | Edith Harbaugh | Nov 17, 2021 | — |
| 4B | “a three billion” | Bessemer: Cloud marketplace transaction volume will reach $3B in 2021 | Elliott Robinson | Mar 14, 2021 | Held up |
| 3.5B | “3.5 billion” | Lemkin: Vista Equity Partners is writing its $3.5B Pluralsight investment to zero | Jason Lemkin | Jun 26, 2024 | Supported |
| 3.3B | “3.3 billion” | David Sacks: Craft Ventures reaches $3.3B in assets under management | David Sacks | Sep 13, 2023 | — |
| 3B | “three billion” | Lemkin: Filevine Reached $3B Valuation Through AI Reacceleration | Jason Lemkin | Oct 5, 2025 | Supported |
| 3B | “three billion” | Rangan: 40% of HubSpot's ARR is consistently influenced by partners | Yamini Rangan | Jun 4, 2025 | Supported |
| 3B | “three billion” | Lemkin: Shopify's 31% growth at $11B run rate is fastest in 3 years | Jason Lemkin | Feb 19, 2025 | Supported |
| 3B | “three billion” | Lemkin: Clio raised at a $3B valuation after adding fintech and payments | Jason Lemkin | Jan 14, 2025 | Supported |
| 3B | “three billion” | Lemkin: Craft and Bessemer Allocate Over 80% of SaaS Capital to AI | Jason Lemkin | Dec 28, 2023 | — |
| 3B | “three billion” | Lemkin: Algolia crossed $200M in revenue and will IPO next year | Jason Lemkin | Oct 25, 2023 | Partly held up |
| 3B | “three billion” | Lemkin: Algolia generates hundreds of millions and will IPO post-downturn | Jason Lemkin | Jan 10, 2023 | Open |
| 3B | “three billion” | Atlassian Grew From $100M to Over $3B in Revenue in Ten Years | Cameron Deatsch | Nov 24, 2022 | Supported |
| 3B | “three billion” | Atlassian Scaled to $3B Revenue With Under 15% S&M Spend | Cameron Deatsch | Nov 24, 2022 | Partly supported |
| 3B | “three billion” | Shopify partners generated $12B in 2020 versus Shopify's $3B in revenue | Amanda Malko | Dec 1, 2021 | Supported |
| 3B | “three billion” | D'Onofrio: Shopify grew 80% in 2020 to almost $3 billion | Mary D'Onofrio | Mar 14, 2021 | Supported |
| 2.5B | “2.5 billion” | Lemkin: Dropbox trades at only 2x ARR despite generating huge cash flow | Jason Lemkin | May 3, 2024 | Partly supported |
| 2.3B | “2.3 billion” | Lemkin: Canva is growing over 40% at $2.3B in revenue | Jason Lemkin | Jun 26, 2024 | Supported |
| 2B | “two billion” | Lemkin: Gamma Hit $100M ARR and $2B Valuation With 50 Employees | Jason Lemkin | Jan 2, 2026 | Supported |
| 2B | “two billion” | Lemkin: Gamma reached $100M ARR and raised at a $2B valuation | Jason Lemkin | Nov 26, 2025 | Supported |
| 2B | “two billion” | Lemkin: Zoom Trades at 3.8x Despite Generating $2B Free Cash Flow | Jason Lemkin | Feb 19, 2025 | Supported |
| 2B | “two billion” | Lemkin: Canva is at $2B ARR growing over 40% and profitable | Jason Lemkin | Dec 29, 2023 | Supported |
| 2B | “two billion” | Levie: Box stages COO hires across $500M, $1B, and $2B revenue milestones | Aaron Levie | Dec 6, 2023 | — |
| 2B | “two billion” | Lemkin: Late-Stage VC Growth Rounds Are Capped at $500M Valuations | Jason Lemkin | Jun 16, 2023 | — |
| 2B | “two billion” | Lemkin: Big US VC Funds Target Average Exits of $2B | Jason Lemkin | May 18, 2023 | — |
| 2B | “two billion” | Meraki Surpassed Two Million Active Networks and $2B in Sales | Kiren Sekar | Mar 19, 2022 | — |
| 2B | “two billion” | Wolan: Scaling Dropbox to $1B was straightforward; reaching $2B was not | Rachel Wolan | Oct 27, 2021 | Supported |
| 2B | “two billion” | New Relic ingests over two billion events and metrics per minute | Erica Schultz | Jun 27, 2019 | — |
| 1.9B | “1.9 billion” | Lemkin: Adobe Acquired SEMrush for $1.9B at Just 3x Forward Sales | Jason Lemkin | Jan 2, 2026 | Partly supported |
| 1.8B | “1.8 billion” | Pepper: Marketo sold for $1.8B before Vista flipped it for $4.5B | Doug Pepper | May 6, 2022 | Partly supported |
| 1.7B | “1.7 billion” | Lemkin: HubSpot reached a $1.7 billion revenue run rate in 2022 | Jason Lemkin | Oct 18, 2022 | Supported |
| 1.5B | “a half billion” | Lemkin: Enterprise AI Drives Palantir's Re-Acceleration at $3.5B Revenue | Jason Lemkin | May 21, 2025 | Partly supported |
| 1.5B | “a half billion” | Lemkin: Zscaler Has Seen No Downturn at $2.5B in Revenue | Jason Lemkin | Oct 15, 2024 | — |
| 1.5B | “a half billion” | Lemkin: Canva has reached $2.5 billion in ARR | Jason Lemkin | Oct 15, 2024 | Supported |
| 1.5B | “a half billion” | Lemkin: $200M+ Valuations Vanished Due to 10x Math and Public SaaS Multiples | Jason Lemkin | Dec 28, 2023 | — |
| 1.5B | “a half billion” | Splunk CRO: ARR grew from $600M to $4.5B in seven years | Christian Smith | Jan 31, 2024 | Partly supported |
| 1.5B | “a half billion” | Divvy went from first institutional round to $2.5B exit in four years | Sterling Snow | Jul 5, 2023 | Supported |
| 1.5B | “half a billion” | Bonzom: Southeast Asia tech M&A will remain limited to cheap acqui-hires | Arnaud Bonzom | May 18, 2023 | — |
| 1.5B | “a half billion” | Blond: Bill.com acquired Divvy for $2.5 billion in 2021 | Sam Blond | Nov 17, 2022 | Supported |
| 1.5B | “a half billion” | Atlassian Marketplace Generated $2B in Sales, Paying Vendors $1.5B | Cameron Deatsch | Nov 24, 2022 | Supported |
| 1.5B | “a half billion” | Samsara Ingested 4.6T Data Points and 85B Video Minutes Last Year | Kiren Sekar | Mar 19, 2022 | — |
| 1.3B | “a quarter billion” | Gross: Vimeo generates 250 million video player impressions monthly | Adam Gross | Mar 15, 2024 | Supported |
| 1.1B | “1.1 billion” | Lemkin notes SalesLoft reached a $1.1 billion unicorn valuation. | Jason Lemkin | Jan 29, 2021 | Supported |
| 1B | “one billion” | Masad: Every company will have an internal AI 'Oracle' for strategy | Amjad Masad | Jun 9, 2026 | — |
| 1B | “a billion” | Lemkin: Restaurant Startup Owner Crossed $1 Billion in Platform Sales | Jason Lemkin | Jun 11, 2026 | Supported |
| 1B | “a billion” | Lemkin: Tech is entering an era of unprecedented IPO wealth creation | Jason Lemkin | Feb 15, 2026 | — |
| 1B | “a billion” | Lemkin: Anthropic and OpenAI Will Reach Trillion-Dollar Valuations | Jason Lemkin | Jan 2, 2026 | Open |
| 1B | “a billion” | Lemkin: Profitable PagerDuty Trades at Just 2x Revenue on $500M ARR | Jason Lemkin | Jan 2, 2026 | Supported |
| 1B | “a billion” | Lemkin: AI Expands TAM by Enabling Cursor to Charge Thousands Per Seat | Jason Lemkin | Jan 2, 2026 | — |
| 1B | “a billion” | Bonfire Ventures Manages $1B and Writes $3M-$4M Checks Exclusively in Application Software | Brett Queener | Oct 31, 2025 | — |
| 1B | “a billion” | Lemkin: Owner is approaching $50M revenue, growing 10% monthly at $1B valuation | Jason Lemkin | Aug 27, 2025 | Supported |
| 1B | “a billion” | Shen: Bessemer's initial investment memo gave ServiceTitan a 2% chance at $1B | Christina Shen | Jul 30, 2025 | Open |
| 1B | “a billion” | Dean: Syndicate platforms like AngelList hold billions in transient bank deposits | Chris Dean | Mar 19, 2025 | — |
| 1B | “a billion” | Lemkin: Owner raised funding at a $1 billion valuation | Jason Lemkin | May 28, 2025 | Supported |
| 1B | “a billion” | Zinman: At $1B ARR, 30% Growth Requires Relying on Existing Customers | Eran Zinman | Feb 28, 2025 | — |
| 1B | “a billion” | Zinman: Scaling past $1B ARR requires going multi-product | Eran Zinman | Feb 28, 2025 | — |
| 1B | “a billion” | Lemkin: Modern SaaS IPOs require 50% growth at $500M ARR | Jason Lemkin | Mar 12, 2025 | — |
| 1B | “one billion” | Lemkin: Klaviyo generates 40% of its $1B revenue via agencies and partners | Jason Lemkin | Dec 13, 2024 | Contradicted |
| 1B | “a billion” | Lemkin: HubSpot Saw Word-of-Mouth as Top Customer Source Up to $1B | Jason Lemkin | Dec 18, 2024 | Supported |
| 1B | “a billion” | Lemkin: Over 70% of Monday.com customers are non-tech | Jason Lemkin | Oct 15, 2024 | Supported |
| 1B | “a billion” | Lemkin: Monday.com hits 28% free cash flow growing 40% at $1B ARR | Jason Lemkin | Oct 15, 2024 | Supported |
| 1B | “a billion” | Moody-Byrd: LinkedIn Sales Solutions generates up to $2B in annual revenue | Gail Moody-Byrd | Nov 1, 2024 | Supported |
| 1B | “a billion” | Lemkin: HubSpot would be stuck at $1B growing single digits without CRM | Jason Lemkin | Oct 18, 2024 | — |
| 1B | “a billion” | Lemkin: ServiceTitan is nearing $1B ARR and will IPO within 12 months | Jason Lemkin | Sep 6, 2024 | — |
| 1B | “a billion” | Lemkin: VCs now require $10B exits rather than $1B exits | Jason Lemkin | Jun 26, 2024 | — |
| 1B | “a billion” | Lemkin: Dropbox trades at only 2x ARR despite generating huge cash flow | Jason Lemkin | May 3, 2024 | Partly supported |
| 1B | “a billion” | Blond: A $1B exit no longer moves the needle for large VC funds | Sam Blond | Mar 20, 2024 | — |
| 1B | “one billion” | Lemkin: 70% of Klaviyo's Revenue Comes from Shopify Customers | Jason Lemkin | Dec 28, 2023 | Supported |
| 1B | “a billion” | Transportation Accounts for About 20% of Samsara's $1B ARR | Kieran Saker | Dec 22, 2023 | Supported |
| 1B | “a billion” | SaaS Companies Must Launch Their Second Product by $10M ARR | Kieran Saker | Dec 22, 2023 | — |
| 1B | “a billion” | Levie: Box stages COO hires across $500M, $1B, and $2B revenue milestones | Aaron Levie | Dec 6, 2023 | — |
| 1B | “a billion” | Skates: Reaching $1B ARR requires expanding beyond a single core product | Spenser Skates | Nov 15, 2023 | — |
| 1B | “a billion” | Lemkin: ZoomInfo reached over $1B in revenue while bootstrapped | Jason Lemkin | Oct 25, 2023 | Partly supported |
| 1B | “a billion” | Lemkin: Talkdesk Investment Reached a $1 Billion Position on Paper | Jason Lemkin | May 18, 2023 | — |
| 1B | “a billion” | Bonzom: Southeast Asia tech M&A will remain limited to cheap acqui-hires | Arnaud Bonzom | May 18, 2023 | — |
| 1B | “a billion” | Lemkin: Employees Joining Unicorns in 2023 Will Make Nothing on Equity | Jason Lemkin | Feb 3, 2023 | — |
| 1B | “a billion” | Lemkin: Talkdesk was the only SaaS unicorn he knew would hit $1B | Jason Lemkin | Feb 3, 2023 | — |
| 1B | “a billion” | Braverman: Julie Harris managed over $1B turnover at Flexport | Ben Braverman | Jan 27, 2023 | — |
| 1B | “a billion” | Lemkin: HubSpot's revenue growth accelerated after passing $1 billion | Jason Lemkin | Oct 18, 2022 | Supported |
| 1B | “a billion” | Briggs: Gousto reached a $1B+ valuation by focusing solely on the UK | Harry Briggs | Sep 15, 2022 | Supported |
| 1B | “a billion” | Lemkin: Crossover funds and $1B+ late-stage tech rounds are completely frozen | Jason Lemkin | Aug 25, 2022 | — |
| 1B | “a billion” | Kellogg: VCs targeting billion-dollar returns will block hundred-million-dollar sales | Dave Kellogg | Jul 20, 2022 | — |
| 1B | “a billion” | Lemkin: SaaS sales lacks scale efficiencies and grows linearly | Jason Lemkin | Jun 24, 2022 | — |
| 1B | “a billion” | Lemkin: Every billion-dollar ARR SaaS company relies on a multi-product suite | Jason Lemkin | Dec 9, 2021 | — |
| 1B | “one billion” | Snowflake raised $1B+ to fight Amazon and Google on price | Kazuki Ohta | Dec 14, 2021 | Supported |
| 1B | “one billion” | Becoming a $1B+ platform requires building your own native killer app | Kazuki Ohta | Dec 14, 2021 | — |
| 1B | “a billion” | Lemkin: All Top-Quartile Cloud Companies at $100M ARR Will Hit $1B | Jason Lemkin | Nov 17, 2021 | — |
| 1B | “a billion” | Wolan: Scaling Dropbox to $1B was straightforward; reaching $2B was not | Rachel Wolan | Oct 27, 2021 | Supported |
| 1B | “a billion” | Nottebohm: 60% growth at $100M ARR makes $1B ARR 8x more likely | Olivia Nottebohm | Oct 20, 2021 | Supported |
| 1B | “one billion” | Lemkin: HubSpot crossed $1B ARR and 100,000 paying customers | Jason Lemkin | Feb 18, 2021 | Supported |
| 1B | “a billion” | Slack generated over half its revenue from enterprise at $1B ARR | Jason Lemkin | Feb 18, 2021 | Partly supported |
| 1B | “a billion” | HubSpot's partner ecosystem generates $5B alongside its $1B software revenue | Brian Halligan | Feb 18, 2021 | Supported |
| 1B | “a billion” | Howie Liu: A bottoms-up model alone cannot sustain growth to $1B revenue | Howie Liu | Jan 6, 2021 | — |
| 1B | “a billion” | Liu: Pure bottom-up growth cannot scale SaaS companies to $1B revenue | Howie Liu | Dec 10, 2020 | — |
| 1B | “a billion” | Filev: Product-Market Fit Is the Second Derivative of Startup Growth | Andrew Filev | Aug 28, 2019 | — |
| 1B | “one billion” | Brasoveanu: Doctolib raises $280M total and nears $100M ARR | Andrei Brasoveanu | Aug 7, 2019 | Supported |
| 1B | “a billion” | Seibel: YC portfolio is worth $100B across 2,000+ funded companies | Michael Seibel | May 8, 2019 | Supported |
| 1B | “a billion” | Seibel: Twitch took years to find product-market fit before $1B acquisition | Michael Seibel | May 8, 2019 | Supported |
| 1B | “a billion” | Deeter: Cloud 100 list features 37 private cloud companies valued over $1B | Byron Deeter | May 3, 2018 | Supported |
| 900M | “nine hundred million” | Lemkin: HubSpot and Box IPO'd Under $1 Billion Valuation | Jason Lemkin | Jun 16, 2023 | Partly supported |
| 900M | “Nine hundred million” | Janz: 2021 SaaS Series C Valuations Spanned $100M to $900M | Christoph Janz | Feb 4, 2021 | Supported |
| 800M | “eight hundred million” | Lemkin: Box, HubSpot, and Shopify IPO'd at roughly $800M valuations | Jason Lemkin | Aug 27, 2025 | Partly supported |
| 800M | “eight hundred million” | Choi: Rubrik IPO'd at $5.6B Valuation After Burning Over $700M | Kathy Choi | Feb 21, 2025 | Supported |
| 800M | “Eight hundred million” | Lemkin: Deel is growing 70% at an $800M run rate | Jason Lemkin | Feb 19, 2025 | — |
| 800M | “a seven hundred million” | Lemkin: HubSpot's CRM is a $700M business | Jason Lemkin | Jul 10, 2024 | Not publicly verifiable |
| 800M | “eight hundred million” | Lemkin: HubSpot and Box IPO'd Under $1 Billion Valuation | Jason Lemkin | Jun 16, 2023 | Partly supported |
| 800M | “eight hundred million” | Scaling from $800 million to $1 billion ARR is the hardest stage | Ben Chestnut | Sep 20, 2022 | — |
| 800M | “eight hundred million” | Haivas: Atomico Passes on $800M Startup Exits Due to Fund Size | Irina Haivas | Sep 1, 2022 | — |
| 800M | “eight hundred million” | De la Nuez: UserZoom reached $800M valuation via Thoma Bravo deal | Alfonso de la Nuez | Sep 13, 2022 | Supported |
| 800M | “eight hundred million” | Beri: Netskope Refused Acquisition Talks Despite Rivals Selling for $800M | Sanjay Beri | Oct 23, 2018 | — |
| 700M | “seven hundred million” | Choi: Klaviyo went public at $7.6B valuation on just $16M burn | Kathy Choi | Feb 21, 2025 | Supported |
| 700M | “a six hundred million” | Splunk CRO: ARR grew from $600M to $4.5B in seven years | Christian Smith | Jan 31, 2024 | Partly supported |
| 700M | “seven hundred million” | Lemkin: Monday.com grew from $7M to $700M ARR in six years | Jason Lemkin | Oct 3, 2023 | Supported |
| 700M | “a six hundred million” | Matthew: 1Password bootstrapped 15 years before raising a $600M round | Arun Matthew | Dec 2, 2022 | Supported |
| 700M | “seven hundred million” | Mailchimp grew to $300M ARR under Neil Bainton, $700M under Farrah | Ben Chestnut | Sep 20, 2022 | Supported |
| 700M | “seven hundred million” | Lemkin: SaaS founders led Front's $600M valuation round | Jason Lemkin | Nov 17, 2021 | Supported |
| 600M | “a five hundred million” | Lemkin: VC is designed strictly for outliers, not sub-$500M exits | Jason Lemkin | Oct 27, 2023 | — |
| 600M | “a five hundred million” | Lemkin: Late-Stage VC Growth Rounds Are Capped at $500M Valuations | Jason Lemkin | Jun 16, 2023 | — |
| 600M | “six hundred million” | Reina: ElevenLabs scaled from $0 to over $600M ARR in 41 months | Carles Reina | Sep 9, 2026 | Supported |
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