SaaS 2019 IPO summary

A good breakdown of Zoom, Datadog, Crowdstrike, Slack, Dynatrace, etc from Alex Clayton

SNIP…

To make it public as a SaaS company in 2019, you were founded ~10 years ago, at almost $300M in implied ARR and grew ~50% year-over-year, have ~75% GAAP gross margins, losing money, have a dollar-based net expansion rate of ~125%, sell a product with an average ACV of ~$25K, have over 1,100 full-time employees, raised almost $300M from venture investors (or owned by a private equity fund) and burned through almost $200M of it, and sold almost $400M in stock to public market investors in an IPO at a valuation of almost $3.5B! And since then, you’re up almost 60% from IPO price :

https://www.meritechcapital.com/blog/2019-review-high-growth…

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