The Health Of The SaaS IPO Market
Tomasz Tunguz - Seeking Alpha - Thu May 28, 6:03PM CDT
(click to enlarge) Of the 43 SaaS companies to have gone public in the time period between 2006 and 2014, 60% are trading above their IPO pop price - the price at the end of their first day of trading. The median company has appreciated 69%...
BV: 5.77 (-0.17), SPSC: 69.56 (+0.30), MDSO: 55.54 (+1.44), CSLT: 7.58 (+0.13)
Xero Announces Fiscal 2015 Results
Marketwired - Thu Apr 23, 7:25PM CDT
Xero Limited (NZSE: XRO) (ASX: XRO) continued to deliver exceptional growth for the year ended 31 March 2015, recording operating revenue of $123.9m, up 77% from $70.1m in FY14. (Note: all currency is in New Zealand dollars and results are unaudited)
The Forces In Tension In The SaaS Fundraising Market
Tomasz Tunguz - Seeking Alpha - Wed Mar 18, 1:56PM CDT
(click to enlarge) Over the last 15 months, the typical high growth public SaaS company’s multiple has halved. The chart above plots the average enterprise value to forward revenue multiple for established SaaS companies and high growth...
RALY: 19.49 (+0.01), BV: 5.77 (-0.17), HDP: 25.64 (+0.46), MRIN: 6.00 (-0.03), BNFT: 42.18 (+0.87), RP: 19.23 (+0.19), ZEN: 21.44 (+0.35), N: 90.07 (+0.01), FLTX: 45.82 (+1.22), NEWR: 34.31 (+0.31), NOW: 76.74 (+0.56), LNKD: 209.95 (+2.39), SPSC: 69.56 (+0.30), LOGM: 63.21 (+0.62), QLYS: 37.22 (-0.33), TRAK: 62.26 (+0.04), BOX: 16.71 (-0.10), IL: 11.45 (+0.03), JIVE: 5.25 (+0.03), EOPN: 8.59 (unch), FIVN: 5.47 (+0.21), MDSO: 55.54 (+1.44), CSLT: 7.58 (+0.13), CSOD: 35.52 (+0.16), LPSN: 9.71 (+0.12), ATHN: 114.53 (+0.63), WIX: 23.88 (+0.61), VEEV: 28.10 (+0.11), ULTI: 167.20 (+1.32), PFPT: 64.71 (+0.18), DWRE: 68.99 (-2.81), WDAY: 79.52 (+1.56), CVT: 26.63 (+0.53), MKTO: 24.41 (-0.85), MOBL: 5.73 (+0.27), RNG: 17.70 (+0.62), BSFT: 33.90 (+0.52), SPLK: 71.84 (+2.84), CTCT: 30.28 (-0.03), CRM: 71.14 (+1.18), HUBS: 50.46 (+0.46)
The Data Behind The Rule Of 40%
Tomasz Tunguz - Seeking Alpha - Thu Feb 12, 10:12AM CST
(click to enlarge) In “The Rule of 40% for a Healthy SaaS Company” Brad Feld shared the rule of thumb growth investors often apply to judge the attractiveness of a business. “The 40% rule is that your growth rate + your...
BV: 5.77 (-0.17), BOX: 16.71 (-0.10), JIVE: 5.25 (+0.03), MDSO: 55.54 (+1.44), MRIN: 6.00 (-0.03), N: 90.07 (+0.01), FLTX: 45.82 (+1.22), ATHN: 114.53 (+0.63), VEEV: 28.10 (+0.11), WIX: 23.88 (+0.61), NOW: 76.74 (+0.56), PFPT: 64.71 (+0.18), LNKD: 209.95 (+2.39), LOGM: 63.21 (+0.62), DWRE: 68.99 (-2.81), WDAY: 79.52 (+1.56), MOBL: 5.73 (+0.27), MKTO: 24.41 (-0.85), TRAK: 62.26 (+0.04), SPLK: 71.84 (+2.84), HUBS: 50.46 (+0.46), CRM: 71.14 (+1.18)
The Compression In SaaS Valuations
Tomasz Tunguz - at Seeking Alpha - Fri Jan 23, 1:52PM CST
(click to enlarge) In 2015, SaaS companies trade at a 30% lower multiple of revenue than last year. In early 2014, the typical SaaS company traded at about 9.2x their next-twelve-months of revenue. Since August 2014, that figure has dropped by...
RALY: 19.49 (+0.01), BV: 5.77 (-0.17), HDP: 25.64 (+0.46), BNFT: 42.18 (+0.87), MRIN: 6.00 (-0.03), RP: 19.23 (+0.19), ZEN: 21.44 (+0.35), N: 90.07 (+0.01), FLTX: 45.82 (+1.22), NEWR: 34.31 (+0.31), NOW: 76.74 (+0.56), LNKD: 209.95 (+2.39), LOGM: 63.21 (+0.62), SPSC: 69.56 (+0.30), QLYS: 37.22 (-0.33), TRAK: 62.26 (+0.04), LOCK: 16.37 (+0.26), IL: 11.45 (+0.03), JIVE: 5.25 (+0.03), EOPN: 8.59 (unch), FIVN: 5.47 (+0.21), MDSO: 55.54 (+1.44), CSLT: 7.58 (+0.13), CSOD: 35.52 (+0.16), LPSN: 9.71 (+0.12), ATHN: 114.53 (+0.63), WIX: 23.88 (+0.61), VEEV: 28.10 (+0.11), ULTI: 167.20 (+1.32), PFPT: 64.71 (+0.18), DWRE: 68.99 (-2.81), WDAY: 79.52 (+1.56), CVT: 26.63 (+0.53), MKTO: 24.41 (-0.85), MOBL: 5.73 (+0.27), RNG: 17.70 (+0.62), BSFT: 33.90 (+0.52), SPLK: 71.84 (+2.84), DATA: 121.01 (+1.56), HUBS: 50.46 (+0.46), CTCT: 30.28 (-0.03), CRM: 71.14 (+1.18)
Benchmarking Xero's S-1: How 7 Key SaaS Metrics Stack Up
Tomasz Tunguz - at Seeking Alpha - Thu Jan 15, 1:00PM CST
This post is part of a continuing series evaluating the S-1s of publicly traded SaaS companies in order to better understand the core business and build a library of benchmarks that might be useful to founders. There’s a SaaS company on...