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5 Interesting Learnings from Braze at $260,000,000 in ARR

SaaStr

Braze was early to taking a next-generation approach to marketing automation software, focused on being mobile and messaging first. 2016 customer cohort spends 3.2x Blaze’s 2016 customers spend 3.2x more today than they did in 2016. A bit lower than many due to their messaging costs, in part. more today.

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Why IPOs, Direct Listings, and SPACs Will Flourish in Startupland

Tom Tunguz

Most high-growth software investors value public companies on enterprise value to forward revenue multiple. What if we could compare the relative valuation multiples of public and private high growth software companies? What if we could compare the relative valuation multiples of public and private high growth software companies?

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We?re About To See a Lot More SaaS Debt

SaaStr

“Salesforce’s IPO is also seen as a test of a new business model that could shake up the software industry. The company is the poster child for subscription-based software, a model that’s gaining popularity among corporate buyers. In 2016, Digital Ocean opened a $130m credit facility with Keybanc. .

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The 3 Attributes of an Attractive Market for AI

Tom Tunguz

Call it Service-as-a-Software. Toil is repetitive work : reviewing alerts, triaging leads, data entry. For example, accounting graduates have fallen approximately 18% since 2016. Call it AI agents or agentic systems. There’s a brewing idea that AI will complete human labor especially in white-collar work.

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5 Interesting Learnings from AppFolio at $660,000,000 in “ARR”

SaaStr

There are several big leaders in property management software, and AppFolio is one of them. At $660m in “ARR” (a lot of that isn’t software, as we’ll see below), it’s trading at a $7.2 AppFolio is what the markets want in a software+ company, at least in 2023. Let’s dig in.

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The Top 6 Posts of 2016

Tom Tunguz

2016 was a year of change for SaaS, and most of the story was the public market. The Hottest Startup Sectors In 2016 - published on January 3rd, this post reviewed the patterns of investment in startups, and in particular, the sectors where investors were increasing their investment the fastest.

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How to Navigate the Shift to Generative AI with PagerDuty’s CEO Jennifer Tejada

SaaStr

Jennifer has been at PagerDuty since 2016, a disruptive company that took automation to the next level before AI was hot in 2024. That’s where true automation will be, in the disruptive work that people are freed up and enabled to do and do more effectively and quickly due to having the assistance and rich context.