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So the overall “project management” space has seen widely disparate impacts from the SaaS partial downturn of 2022-2024. The former often had a tough time from 2022 to 2024. Asana, strong in B2B2B and selling to tech, was perhaps hit hardest, with growth slowing to 10%. It’s been a tale of two worlds. The latter?
Instead of late-stage opportunities, they’ll be focusing on early-stage venture in 2022. The value propositions of board seats, venture platforms for hiring, business development, & marketing, and more active investing will be tested in 2022. Whether positive or negative pricing momentum will prevail is hard to predict.
. — Jason Be Kind Lemkin (@jasonlk) December 30, 2022. In 2022, The SaaS public markets fell -52% in just one year. And it’s worth remembering even with much more buyer scrutiny today, SaaS spend overall still grew at epic rates in 2022. The post Don’t Draw The Wrong Conclusions from 2022 appeared first on SaaStr.
Series A has dropped from 30% to 20%; Series B from 22.5% to 12%; and Series C from 18% to 11%. Across financing rounds, dilution from capital has fallen by 30-50% in that decade. Cumulative Dilution Points. Here’s a table of cumulative dilution points for a hypothetical startup raising 4 rounds in one year.
Together, Vanilla etched out the State of Customer Success in 2022. In conjunction with Gain Grow Retain, we sat down with some of the most influential Customer Success Leaders out there. What does it look like? How can you prepare? Is your Customer Success team as prepared as they should be?
OK it’s the very last shot to apply to speak to SaaStr Europa 2022 in Barcelona on June 7-8!! The post Last Chance to Apply to Speak at SaaStr Europa 2022! We’re expecting over 2,500 to our open-air and outdoor venue right on the ocean in Barcelona! Join: CEO of $12B+ Miro! CEO of $24B+ ZoomInfo! CEO of $800m UserZoom!
From 2020-2022, the top 20 deals were just 6%-8% of all VC capital. But just how much of venture capital overall is going to … the top names? Far more than ever, per Redpoint’s latest data. In 2024, 31% of all VC capital went into just 20 deals.
We’re less than 60 days away from SaaStr Annual 2022! Scaling Revenue in 2022: What’s the Same and What’s Different? The post Top 5 SaaStr Annual 2022 Sessions (So Far!) Sep 13-15 in the SF Bay Area!! Fully vaxxed. Outdoor festival-style. 10,000 SaaS founders, VCs and execs! 4,000+ meetings and braindates!
And we’re getting into the Holiday Cheer with the SaaStr Holiday Party 2022 ! The post Join us at the SaaStr Holiday Party 2022 – Friday December 2nd in Downtown Palo Alto appeared first on SaaStr. ‘Tis the season! Friday December 2nd, 4-7PM in Downtown Palo Alto at Tacolicious. .
In 2022, as companies continue to move more functions online, employees will take a more virtual -- and flexible -- mindset and lifestyle in parallel to the digitization of businesses. The fight to find new customers and retain existing ones is the biggest business challenge for many companies.
Everyone resisted in 2022 and into 2023, but by 2024 they began to capitulate. So there’s an uncomfortable truth that VCs don’t discuss outloud that often, but everyone has sort of accepted. That a lot of unicorns that hit $1B+ valuations in 2020-2021 … probably aren’t really unicorns anymore.
And we all got out of practice here in 2020-2022. You can see here how events and trade shows are what helped put Datadog on the map: And yet, I see so many marketers putting less energy there than pre-2020 especially. Not because events don’t work, but because they are a lot of work. But they are … work. Or phone them in.
And then, the markets began to crater once again, the biggest fall of our SaaS lifetimes, and hit a local low in November 2022. We’re at about 7x ARR on average now, which is below the average for the past decade but still materially up from the lows of November 2022. Where will it go from here? But we’ll see.
The 21% decline should provide founders an input into their forecasts for the remaining two quarters of 2022, especially infrastructure startups. Results from these clouds suggest the market isn’t as soft as the 30% estimate - at least not yet. Anticipate at least a 21% decline in growth rate for your base plan.
In 2022, society has fully immersed itself in the web and all it has to offer - and no one more so than those of Generation Z. Take a look around you at any given moment, and somebody is likely surfing the web on their phone.
Having joined Checkr from Google in 2022, Lindsay shared valuable insights about identifying and executing on major opportunities for improvement within an already mature go-to-market organization. Checkr’s go-to-market strategy was already well-established when Lindsay joined in 2022.
Cloud 100 multiples have fallen in 2022 –– ARR multiples rose nearly fourfold from 9x in 2016 to 34x in 2021 and down to 30x in 2022. Five Trends Driving Bessemer’s Love for the Cloud in 2022. 2022 – The Year of the Centaur. VC funding has decreased 23% quarter-over-quarter in Q2 of this year.
But that was down from the original target of $20 Billion, the size of their 2022 fund (raised at the peak in 2021). Theyre still in, just not at the level of 2022. Some LPs re-upped (good) but at lower levels (stress). Per WSJ, Calpers put in $300m this time , vs. $520m for the last Insight fund.
With three live events, two digital events, and our two special series, Workshop Wednesdays and CRO Confidential, we have 200+ videos just from 2022 for you! Today, we’re giving you #12-#1 of our top videos of 2022! The post SaaStr’s Top Videos of 2022 (#12-#1): Atlassian, Gitlab, Twilio, Zapier, and More!
So, what does ABM look like in 2022? Analysts and professionals alike tend to argue that account based marketing (ABM) is not new. On the surface, this is an accurate statement. However, ABM practitioners have evolved the strategy from development to implementation.
But public multiples have fallen -66% (!) from 21.2x for top Cloud companies. And that means VCs are now paying a 3.2x premium to public valuations to get into hot deals, vs. 1.8x in 2021 and 2.1x That’s a lot more expensive.
Others will have to accept much lower returns, at least for folks that invested in 2020-early 2022. It’s just time. OneStream was arguably one of these, and PE made a big gain on the IPO. Genesys may be the first of a flood of these PE-backed SaaS IPOs in 2025. It just filed to IPO.
You'll know based on who wants to already come with them pic.twitter.com/85ajodCHGK — Jason SaaStr 2025 is May 13-15 Lemkin (@jasonlk) October 14, 2022 #3. You'll know if your VP of Sales is going to work out even before they start How? The Best VPs Have True Urgency They push the interview along. They want to get going now.
They got several offers in 2021, then a pause in 2022, and the offers came back in 2023. So they moved to focus on 40% growth with $0 burn. They lost their entire sales team, except one exec. It was a total reboot. But when they committed it, it worked. A traditional M&A deal, you often have to stay 2-3 years or longer.
Speaker: Pulkit Agrawal - CEO and Co-Founder of Chameleon
November 16, 2022 at 11:00 am PT, 2:00 pm ET, 7:00 pm GMT Tools to use throughout the customer journey to help you increase activation, retention, and loyalty. How to choose the right products for your company. Don't get left behind – register now for this exclusive opportunity!
And a related SaaStr great deep dive with Parker Conrad, founder CEO of Rippling, here: The post The SaaS Era of 2013-2022 is Over. For often the same deal and deal size. Step up — or step aside. Welcome to The World of Hyperfunctional SaaS. appeared first on SaaStr.
But in 2022, they were growing 100% annually: The impacts aren’t even, however. Almost everyone: The post The Cloud 100’s 2023 Growth Rate Has Plummeted From 100% in 2022 to 55% Today. Now that’s still pretty darn impressive at $100m+ ARR. I know a few in the Cloud 100 whose growth has plummeted to 20% or lower.
And yet, many are still struggling to get over the Crash of 2022. So we have a classic set of New Year’s Resolutions in SaaS that we update every year. Over the years, so much has changed in SaaS. The best grow faster than ever. AI is remaking so many categories, but it’s often murky exactly … how. Not yet, at least.
.” The SaaS Market Has Turned a Corner According to Brian, who sees the market through multiple lenses as HubSpot’s Chairman and through his role at Sequoia Growth and Propeller VC, the SaaS downturn that dominated 2022-2023 ended recently. “It felt like we came out of the recession in Q3 of 2024,” Brian noted.
Speaker: Matt LeMay - Product Coach and Consultant, Author of Product Management in Practice and Agile for Everybody
September 13, 2022 at 12:30 pm PT, 3:30 pm ET, 8:30 pm BST Why getting more specific around outcomes can help create more flexibility around output. How the same product managers who often complain about working for a "feature factory" often perpetuate this very problem.
The dearth of IPOs since 2022 means high-growth companies just aren’t going public. It’s not to say software spending is slowing (it’s not), or that there aren’t fast-growing businesses (they thrive in the private markets). As companies age, they simply can’t grow as quickly. When will it change ?
It didn’t get the buzz I think mainly because it’s a “Re-IPO” Sailpoint first went public in 2017, then Thamo Bravo took them private in 2022, and now public again in 2025! valuation Apr 2022: TB takes Sailpoint private at $6.9B valuation Feb 2025: TB takes Sailpoint public at ~$12.8B
at the height of 2022 to 6.7. Tomasz Tunguz , General Partner at Theory Ventures, shares nine observations from a Go-To-Market survey Theory Ventures did with hundreds of startups, 68% of them early-stage, well-funded, mostly mid-market ACV, and 25% remote. Here’s what they found. #1:
With the summer of Defi behind us and a new year for web3, I wondered which categories of web3 startups generate the most revenue. L1s or blockchains, the public databases that record transactions, dominate the revenue share across the top projects producing 78% of revenue. Exchanges place second. Right behind, NFT exchanges rank third.
August 23rd, 2022 at 12:30 pm PDT, 3:30 pm EDT, 8:30 pm GMT. An approach to tackling the interdependent decisions of which problems to solve, to what degree, and for whom in a competitive market. The importance of retaining as well as acquiring customers to succeed in a product-led business.
In 2022, you could blame the markets In 2023, you could blame "macro" impacts In 2024, you could still claim we were in a "downturn" In 2025 — you've run out of excuses — Jason SaaStr 2025 is May 13-15 Lemkin (@jasonlk) February 4, 2025 The downturn is over in SaaS and B2B.
jasonlk) April 13, 2022. But the growth rate in 2022 (9.8%) is down from 2021 (15.9%), and down from earlier estimates (11.5%). 2022 is still predicted to be a great year, but not quite as great as 2021, and both behind 2023 estimates and behind earlier predictions of 11.5% for the growth rate for 2022. in 2022 and 11.8%
Gartner: businesses will spend $100,000,000,000 more on software in 2023 than 2022. — Jason 2022 SaaStr Annual Sep 13-15 Lemkin (@jasonlk) July 15, 2022. As of July 2022, Gartner predicts: Overall business software spend will still grow a stunning 11.8% in 2022, to over $900 Billion. Yes, $100B more in 2023.
“Antifragility is beyond resilience or robustness. The resilient resists shocks and stays the same; the antifragile gets better.” ” A friend recommended rereading Nassim Taleb’s Antifragile given the macroeconomic backdrop, which I did this weekend. How does a software company become stronger throughout this volatility?
Speaker: Marcus Andrews - Director of Product Marketing & Keren Wexler - Sr. Director of Product
July 14, 2022 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm GMT. How to use analytics and guides to create better onboarding experiences, launch products, and drive product adoption. How to build feedback collection into your workflows to drive continuous improvement. This is an exclusive session you don't want to miss!
— Jason 2022 SaaStr Annual Sep 13-15 Lemkin (@jasonlk) August 3, 2022. Take a look at our deep dive with CEO Henry Shuck from 2022 SaaStr Europa here: #2. — Jason 2022 SaaStr Annual Sep 13-15 Lemkin (@jasonlk) August 3, 2022. — Jamin Ball (@jaminball) August 4, 2022. And inflation is awful.
billion in May 2022 to just $527 million in September 2022. For Series C deals, median pre-money valuations dropped from $502 million in June 2022 to $130 million in September 2022. The median pre-money valuation for Series B deals dropped from $164 million in June 2022 to $90 million in September 2022; and.
— Kyle Porter (@kyleporter) June 28, 2022. jasonlk) June 1, 2022. — RowanTrollope.eth (@rowantrollope) June 29, 2022. June seems to show no signs of slowing down but we’re monitoring demand metrics like a hawk to see when or if we’ll experience a slow down. — Jason BeKind Lemkin #???????????? 10% of total.
Gartner, spending on SaaS: 2020: $120B 2021: $152B 2022: $177B 2023: $208B. jasonlk) May 26, 2022. Worry less about a few tweets, more about the opportunity ahead, and here right now. Go sell something pic.twitter.com/TLzgbuQLnW. — Jason BeKind Lemkin #????????????
Speaker: Hannah Chaplin - Product Marketing Principal at Pendo & Steve Cheshire - Product Manager at Pendo
August 11, 2022 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm GMT Feedback implementation frameworks that increase the precision and accuracy of the features being built. Best practices for measuring and analyzing customer feedback at scale.
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