What distinguishes an exceptional SaaS company?
Tomasz Tunguz of Redpoint analyzes the fastest growing SaaS companies over the last three years and benchmarks revenue, growth rates, and round characteristics at the Series A stage. Key takeaways: Successful SaaS companies raise $9.5M in Series A funding, on average (although round size has been increasing by 11% annually), and their MRR hits $413k after their second year of commercialization.
Who lives and dies in a down economy?
Connie Loizos of TechCrunch and StrictlyVC takes Silicon Valley’s temperature on hiring given the multiple tech company layoff announcements we’ve seen in the last couple of months (Vmware, Tango, and Practice Fusion, among others). Recruiters and PR may suffer as a result of today’s slow funding environment, but the war for talent still exists when it comes to hiring engineers and well-qualified people.
Rise of the Female Entrepreneur
CrunchBase previously reported on female founders, seeing a doubling in the percentage of companies with a female founder between 2009 and 2014. We will be at The Montgomery Summit, where they are hosting over 400 female tech entrepreneurs and executives for their Rise of the Female Entrepreneur event in Santa Monica on March 7th, followed by their annual conference of industry insiders, March 8 & 9.
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