(Total Views: 442)
Posted On: 09/17/2020 4:47:29 PM
Post# of 32974
Posted this on twitter a week ago. Here's the short version:
Solofire's website lists Seismic and Showpad as their competitors
600+ Companies use Seismic
From Seismic website:
From healthcare to financial services and everything in between, Seismic’s powerful platform has helped organizations across many industries enhance their approach to sales.
ASSET MANAGEMENT
BANKING
BUSINESS SERVICES
CONSULTING
CONSUMER PACKAGED GOODS
HEALTHCARE & LIFE SCIENCES
INSURANCE
MANUFACTURING
MEDIA & ADVERTISING
TECHNOLOGY
TELECOMMUNICATIONS
I count 11 verticals
VCs invested $160M into Showpad with the last round being $70M last year
$160M on a company that may or may not see the see the light of the OTC let alone the NASDAQ
Oh the dilution of raising money!
Especially that much money
Showpad, a sales enablement platform for presentations and other collateral, raises $70M
"The funding, which brings the total raised by Showpad to $160 million, is coming in the form of debt and equity."
https://techcrunch.com/2019/06/25/showpad-a-s...aises-70m/
So if they raised $160M, what is their valuation?
Seismic has been helping companies create and manage their sales and marketing collateral since 2010. Today the company announced a $100 million Series E investment on a $1 billion valuation
They raised a total of $179M
Oh the dilution of raising money!
https://techcrunch.com/2018/12/18/seismic-sco...valuation/
That is 10x
Now if Showpony raised $160M are they worth $1.6M?
How much does Seismic cost?
You know what they say.
If you have to ask, you can't afford. There is a reason why some companies don't put the licensing cost on their website.
Seismic licensing costs for 1,000 sales/account reps and 50 marketers of $3,085,500. These are based on annual fees paid to Seismic for using its solution. Professional services costs of $154,275.
ROI: 578%
Annual license costs: $1.02 million
Total three-year benefits: $24.2 million
NPV: $20.7 million
https://cdn2.hubspot.net/hubfs/253739/Forrest...inal-1.pdf
Let me try to summaries the Solofire acquisition this:
Opens the door up to many verticals
Some companies are charging $3m for their stack
Those companies have a valuation of over $1B
Not a bad space to be in with the Solofire competition valued so high
I said it before but screendoor submarine commanders don't understand.
From startups to multi billion dollar companies, they raise a lot of money.
Even Tesla announced they are raising more money this month
I don't think for a submarine yet, but they got the batteries for it.
Just not the door.
Solofire's website lists Seismic and Showpad as their competitors
600+ Companies use Seismic
From Seismic website:
From healthcare to financial services and everything in between, Seismic’s powerful platform has helped organizations across many industries enhance their approach to sales.
ASSET MANAGEMENT
BANKING
BUSINESS SERVICES
CONSULTING
CONSUMER PACKAGED GOODS
HEALTHCARE & LIFE SCIENCES
INSURANCE
MANUFACTURING
MEDIA & ADVERTISING
TECHNOLOGY
TELECOMMUNICATIONS
I count 11 verticals
VCs invested $160M into Showpad with the last round being $70M last year
$160M on a company that may or may not see the see the light of the OTC let alone the NASDAQ
Oh the dilution of raising money!
Especially that much money
Showpad, a sales enablement platform for presentations and other collateral, raises $70M
"The funding, which brings the total raised by Showpad to $160 million, is coming in the form of debt and equity."
https://techcrunch.com/2019/06/25/showpad-a-s...aises-70m/
So if they raised $160M, what is their valuation?
Seismic has been helping companies create and manage their sales and marketing collateral since 2010. Today the company announced a $100 million Series E investment on a $1 billion valuation
They raised a total of $179M
Oh the dilution of raising money!
https://techcrunch.com/2018/12/18/seismic-sco...valuation/
That is 10x
Now if Showpony raised $160M are they worth $1.6M?
How much does Seismic cost?
You know what they say.
If you have to ask, you can't afford. There is a reason why some companies don't put the licensing cost on their website.
Seismic licensing costs for 1,000 sales/account reps and 50 marketers of $3,085,500. These are based on annual fees paid to Seismic for using its solution. Professional services costs of $154,275.
ROI: 578%
Annual license costs: $1.02 million
Total three-year benefits: $24.2 million
NPV: $20.7 million
https://cdn2.hubspot.net/hubfs/253739/Forrest...inal-1.pdf
Let me try to summaries the Solofire acquisition this:
Opens the door up to many verticals
Some companies are charging $3m for their stack
Those companies have a valuation of over $1B
Not a bad space to be in with the Solofire competition valued so high
I said it before but screendoor submarine commanders don't understand.
From startups to multi billion dollar companies, they raise a lot of money.
Even Tesla announced they are raising more money this month
I don't think for a submarine yet, but they got the batteries for it.
Just not the door.
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