A year in review of the key metrics for all SaaS companies that IPO’d in 2018: Median time to IPO - 14 years; Median ARR was $192m USD, with Dropbox as a massive outlier ($1.1B!); Average YoY growth - 37.8%, with on average 90% of that coming from recurring revenue/subscription.
Virgin Galactic reaches space for the first time. They are aiming to soon carry paying customers beyond the Earths Atmosphere. In additional space news, after sending 13 CubeSats into orbit for NASA over the weekend, NZ's Rocket Lab announced it is getting ready for another launch in January
In the Software and SaaS world, pricing has always been hard. With additional complexity introduced by Data, AI and Intelligence based products, it’s getting even harder. Tomusz Tunguz breaks down what he has learned on pricing over the past 10 years.
As we approach the end of the year, Google has taken a look back at the year from a Search perspective. One of the most important take aways from a commercial perspective in this article is highlighting the importance of the Customer from Jason Spero, VP of global performance solutions at Google who said: “Today’s consumers expect more. They want assistance at every step"