Your start-up should be this ‘good’ to ride
Hey there and welcome back to our regular early morning take a look at private companies, public markets and the gray area in between.
The crew at Bessemer released their new, annual cloud report today. It’s an useful lens into how investor are considering cloud and SaaS start-up performance metrics. Bessemer’s cloud and SaaS exits include Twilio, Shopify, PagerDuty, Box, and a few others, so they’re worth listening to at least a little on the topic.
I bring all this up as I lastly got the opportunity to read the 2020 report ( here, if you wish to dig through it yourself, and here’s the 2019 version for reference). I’m going to chat with Bessemer’s Mary D’Onofrio about some numbers from the presentation next week, however this morning I wanted to go over the report’s SaaS and cloud startup scorecard.
Bessemer likes to develop metrics, something that I authorize of.
Let’s ponder the set of SaaS metrics that financiers, before COVID-19, were searching for. Next week we’ll find out if Bessemer has actually changed any of them because of the new economic collapse orgasm malaise.
Grow this quickly, lose this much
TechCrunch has a general rule against screenshots of text, however today there’s no way around it. Here’s the important summary slide from the Bessemer report: