“I remember way back in the day when we were at Bessemer, it's myself, Byron Dieter, and Tyler Goldberg. We wrote now this very famous memo about service sign. I think we put, what do we say, a two percent chance at a billion dollar outcome.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Christina Shen
Opinion
Shen: Growth-adjusted private SaaS valuations remain reasonable relative to public markets
“That means in the last two years, despite seemingly high private company valuations it actually shows on a growth-adjusted basis, private valuations have actually been fairly reasonable.”
Christina ShenMay 3, 2018▶ 13:46State of the Cloud: 2018 Edition
Insight
Shen: The 70-50-30 efficiency rule for scaling SaaS companies
“The BVP efficiency rule says if you're greater than thirty million in revenue, you just have to remember three numbers. 70, 50, 30. And that's because when you're expansion stage company and you're, call it 30 to sixty million in ARR, 40 is actually too low of…”
Christina ShenMay 13, 2017▶ 13:39Bessemer Venture Partners: The State of the Cloud, 2017-2018 Edition
AssertionSupported
Shen: Cloud software investment quadrupled in six years, taking 50% of VC
“If you look at what's been invested in cloud software, it has literally quadrupled in a six year time period and represents about 50% of total venture capital funding”
Christina ShenMay 3, 2018▶ 9:03State of the Cloud: 2018 Edition
AssertionNot checkable as stated
Shen: Early-stage private SaaS growth accelerated from 170% to 250% by 2018
“In 2011, they were growing on average of a 170%. These are companies that are between one and twenty million ARR. Today, they're growing about 250%.”
Christina ShenMay 3, 2018▶ 11:49State of the Cloud: 2018 Edition
Insight
Shen: Top SaaS companies scale from $1M to $10M in two years
“If you are a good company, you got from one to ten million in AR in just four years. That means you did a little better than a double, double, double, double, and you're on the same growth trajectories as companies like Cornerstone and Mindbody. If you're in t…”
Christina ShenMay 13, 2017▶ 10:09Bessemer Venture Partners: The State of the Cloud, 2017-2018 Edition
Insight
Shen: CAC payback benchmarks for SMB, mid-market, and enterprise SaaS
“If you are a mid-market company, 12 month probably is your right number. But if you're selling to enterprise and you've got hundred K ACV deals, you're driving great upsell, you should think of everything as an LTV to CAC ratio. So if you've got a higher LTV, …”
Christina ShenMay 13, 2017▶ 16:16Bessemer Venture Partners: The State of the Cloud, 2017-2018 Edition
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