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Approaching Half a Million Customers: How to Win in SMB with BILL CEO and Founder René Lacerte

SaaStr

Before BILL, around 2004, he started thinking more about this problem of doing finances with filing cabinets and a lot of pain, the same way it was done 60 years prior. If we step back to 2004-2005, when BILL was just an idea, the first realization was that this had to be simple. acquisition.

SMB 310
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We?re About To See a Lot More SaaS Debt

SaaStr

2004 Salesforce IPO Brought Financial Capital to SaaS Founders. With the Salesforce IPO in 2004, we saw the first sign that institutional investors were comfortable with a standard set of SaaS metrics: Churn, sales efficiency , ARPU, LTV, customer acquisition cost , and so on. . Don’t VC’s Want This Dealflow? Why Let Banks In?

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5 Interesting Learnings from Blackbaud at $1 Billion in ARR

SaaStr

and IPO’d in 2004 (!), and transitioned into SaaS later and through acquisitions, and then into a broad platform for fundraising and educational management. $100 Like Blackbaud. It’s a real oldie in educational and nonprofit software. It was founded in 1981 (!) 100 Billion has been fundraised on its platform. Billion.

Education 264
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Putting $125M to work for you, our customers

Intercom, Inc.

I studied artificial intelligence in college in 2004. Intercom is focused on solving communication problems across the customer lifecycle for internet businesses – from acquisition, to engagement, to retention, we sell to sales, marketing, and support teams. Investing in machine learning to make automation personal at scale.

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More of SaaStr’s Most Respected Leaders Awards List Revealed!

SaaStr

Dug Song founded Duo Security in 2019 and grew the company as CEO until it’s acquisition in October of 2018. He went on to serve as CEO of Avatar Technologies and Pacific Data before joining Rational Software as President and COO until its acquisition by IBM. From 2004-2009 he was a partner at Greylock.

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How to Cross 500,000 SMB Customers with Bill’s Founder CEO Rene Lacerte

SaaStr

The Power of Solving a Universal Pain Point When Ren Lacerte started thinking about the problem that would become Bill.com in 2004, he was focused on a simple yet profound frustration: why were businesses still paying bills the same way they had 60 years ago? “I was frustrated,” Ren explains.

SMB 130
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From $800k to $274M in 4 Years - The Story of Ariba

Tom Tunguz

Before its acquisition, which was consummated at the highest historical multiple of any software company , Ariba was the largest independent procurement software business. But, the company has been operating at close to breakeven since 2004. Ultimately, SAP acquired the company in 2012 for $4.6B.