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Well, if it were 2016, we’d say no. First, Snowflake rolls its large customers into fixed comittments (as does AWS and many others), and bills them in advance. Bill.com is one of my favorite sleeper SaaS companies. Half of its revenues comes from its software. But it isn’t. It just doesn’t all recur under a contact.
So the minor point is maybe we’re just back to 2016-2017 in SaaS venture capital for Series A and later rounds. Even If It’s Awful for Series A-E Rounds. For the best ones. But the bigger point is especially for new founders and execs to just look at the chart above. But not that much better on the multiple side.
Amazon AWS, Microsoft Azure and even Google Cloud are on fire, adding insane amounts of revenue this year. January 2016, SaaS stocks were riding high. It was called 2016: * Everyone panicked * Seemed like multiples would never recover * LinkedIn sold to Microsoft for 7x ARR. Customers are buying more than ever. And then ….
Google Cloud Platform, on the other hand, is in a very different set that also competes with Microsoft, but AWS is considered their biggest competitor in the market. What they’re seeing with GenAI and Google Cloud is an opportunity to grab share from AWS. Right now, 70% of the GenAI startups are using Google Cloud.
There were dips in 2016 and otherwise. That $200b+ of additional Cloud and SaaS spend fueled 50+ Cloud unicorns and massive growth in AWS, Azure, etc. But enterprise buying went on a tear. It’s still accelerating.
Customers range from AWS skills-builder platforms with billions of users to Zoom using it for customers and employees. Between 2016 and 2023, you see the ACV (average contract value) going up and up. They’re also growing fast and are nicely profitable. Let’s dive into it. Instead, it was growth at all costs.
Since 2016, SaaS North has been recognized as THE Canadian hub for rapidly-scaling SaaS founders and their teams. It is the largest in-person event in the country—2,000+ attendees, 800+ companies, and 100+ speakers—along with features such as Betakit Keynote Stage, AWS Pitchfest, Workspaces Tradeshow.
For comparison, according to a Pacific Crest survey among private SaaS companies, the median SaaS revenue per employee of that group of companies was $136,000 in 2016. 8 – Weaning off AWS Look at this. For what it’s worth, this also gives you a hint on the margins of AWS. #9 Mind blown. 9 – Eleven 9s?
Update 03/11/2016: I wrote a followup post to the post above.]. Ten years ago, there was nobody who SaaS founders could ask in order to learn how to do, for example, inbound marketing, low-touch sales or customer success. 1 in SaaS revenues is much more valuable than $1 in eCommerce revenues ( all revenue is not created equal !).
Back in 2016, Slack’s CEO, Stewart Butterfield, told Business Insider , “ I think we can get away without having a sales team in any kind of traditional way probably forever. Atlassian, the self-service pioneer, famously had no salespeople , even as they scaled to a $5 billion valuation in 2016. Sounds an awful lot like Sales.
Let’s say we want to see what I said about link building in 2016. In this case, we’re looking for tweets between the start and end of 2016. We get a list of every time I mentioned “link building” in a tweet in 2016. We start by typing “link building” into the exact phrase search bar. Then add my account to the accounts section.
In 2016, Hubspot was still a scrappy player that had only recently IPO’d, with a market cap around $1B. “From Day 0 to IPO: What Went to Plan, What Most Certainly Didn’t” at SaaStr Annual 2016 from saastr. And grab the best deal ever on 2021 Annual tickets here ). Hubspot today is a $23B juggernaut.
That period of stability was not to last – in late 2016 MongoDB really started creaking for our purposes. Internally, too, we were suffering – our infrastructure team spent nearly all their time keeping user storage alive, and it was not the sort of problem that we could solve by spending more with AWS. Evaluating AWS Databases.
Our hosting costs include service providers like AWS, Cloudflare, MongoDb, Twitter, etc. Up until 2016, we had retreats twice a year. This means our software is hosted on the cloud and used over an internet connection via a web browser or mobile app. Stripe payments make up 98.5 We aim to have one company-wide retreat every year.
It was around that time about 12 years ago that Jeff Bezos launched AWS, and some of you may remember that, when he did this, Wall Street analysts were looking at him and saying, “Why would you take what’s already a very unprofitable business and drive it further into the red by investing in this AWS initiative?”
Aaron : 2016. Jason : 2016. And I remember being at that Dreamforce in 2009, which was awful. ” I’m like, that sounds awful. Aaron’s going to talk about what in a few minutes? Aaron : The playbook for reigniting growth. Jason : All right. So, Aaron and I wrote a book together in 2014 or something.
As SaaS took hold in more and more organizations, it became clear that our mission had a greater scope, and in 2016 we pivoted our focus and launched an entirely new platform, one capable of managing and securing multiple SaaS applications. Today, we are excited to announce the release of our new BetterCloud Integration Center.
I actually wrote about the phenomenon , which I called ‘The Slow Death of Freemium’, back in 2016. In their freemium plan, AWS offers a year’s worth of micro instance for free – a time-bound freemium model. Freemium appeared to be declining in popularity and, when it was in place, drove next to zero new ACV for most SaaS companies.
In this post I’m going to share the most important lessons about growing a SaaS business that I learned at Buildium—collectively, these things had an awful lot to do with the company being valued so highly. How the hell does that happen? I was offered a job as Buildium’s first full-time marketing hire, pulling in a cool $38,400 annually.
AWS was launched in 2006, and the term “DevOps” was first used in 2009. We only really hit the inflection point of SaaS adoption in 2016-2017, and now this movement is really picking up steam. We run Okta and most of our apps are run in AWS and GCP, so it wasn’t too difficult for us. All of this is SaaSOps.
We’ve been a company since 2016. Now, I have some background with luck because in between some long stints with other companies, seven years at Eventbrite and 15 years at Ticketmaster before, I spent five years of my life playing poker for a living and learned an awful lot about luck and positive outcomes as well.
I'm doing an "Ask Me Anything' (AMA) session on Product Hunt tomorrow (Tuesday, Feb 23rd, 2016 at 10 am PST, 1pm EST). What do you think about competitor [X] -- aren't they just awful? Would love for you to sign-up early, because I'm insecure, egotistical and I want to impress Ryan Hoover. Or an indecent number would be even better.
I'm doing an "Ask Me Anything' (AMA) session on Product Hunt tomorrow (Tuesday, Feb 23rd, 2016 at 10 am PST, 1pm EST). What do you think about competitor [X] -- aren't they just awful? Would love for you to sign-up early, because I'm insecure, egotistical and I want to impress Ryan Hoover. Or an indecent number would be even better.
Worryingly, Trustwave found as far back as 2016 that "fewer than one in four organisations consider themselves to be "very proactive" in the context of security testing." All popular cloud services that you probably use, think Dropbox, Slack, AWS, Gmail, etc, have such pages that spell out their security practices. Look them up.
The average email open rate across all industries and devices in 2016 was 24.88% , a smashing figure compared to Facebook and Twitter performance. Facebook’s organic reach has plummeted by 52% last year and is hovering around 6% , while Twitter’s organic engagement is even lower (around 2%).
This year, we also migrated ChartMogul to AWS cloud. You can find the ones from past years here – 2020 , 2019 , 2018 , 2017 , and 2016. QR codes — added the ability to quickly copy your newly created API keys by scanning the QR code (instead of needing to type them out on your mobile device).
Found by Manoj Dawane in 2016, VTION is an Indian-origin media technology innovation company that aims at measuring media audiences by analyzing consumer trends and behaviors. Found by Abhijit Pattanaik in 2016, Playtonia is an e-sports platform technology company that helps online gamers connect and develop communities. Hippo Video.
Julie Maresca is the Head of Enterprise Sales for North America at Slack and has been with Slack since 2016. Get training to fill in the gaps – everybody has areas where they need help. Julie Maresca. Julie is responsible for GTM strategy, optimizing sales performance, and building great teams.
Paul Rosania: I think my stock line post-2016 is, “Forgive us, we knew not what we were doing at the time.” So my question to you is, how did you think about it? I mean, it’s a massive product decision. How did you think about this product decision? And what was that process? Harry Stebbings: Terrible metaphor.
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