The People's VC
We look for founders who are cash efficient, scrappy, and pragmatic. We invest in SaaS companies with ARR of $3mm to $30mm. We can lead or follow. We'll do traditional growth rounds and 'special situations' like inside rounds, small rounds, rushed rounds, corralling investors with our term sheet, extensions, and cap table clean up. We can commit in 3 weeks and our check is $1mm to $4mm. We welcome hearing from founders directly and don't require a warm intro. Email our Managing Partner at sammy@blossomstreetventures.com.
The Numbers
28
Companies Funded
61
Total Capital
1-4
Check Size
2-4
Decision Process
Fresh
Insights
The Blossom Street
Ventures Blog
Quarterly SaaS Payback Period Data
Payback period on spend is defined as net new revenue divided by net operating loss. It’s a fully weighted calculation that includes the cost of COGS, G&A, and R&D. Traditional views of payback period compare new revenue to S&M spend only, and while that’s good for evaluating just the S&M organization, it doesn’t account for…
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Q2 SaaS YOY growth data
How much has SaaS growth slowed? We looked at the YOY data of every SaaS company that has IPO’d since October 2017 (62 companies). The data is below and shows a material slowdown. YOY growth in Q2 2022 was 30% and as of Q1 2023 it sits at 19%. Revenue is still growing, but that’s…
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Q2 SaaS Net Dollar Retention Data
How is net dollar retention trending in SaaS? We looked at the net dollar retention of every SaaS company that has IPO’d since October 2017 (62 companies) over the past 6 quarters. 34 of them release net dollar retention data, which is below. Falling NDR. The current median of 115% is very…
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Q2 SaaS Margins & Op loss
Are SaaS companies burning less cash? We looked at the operating income and margin of every SaaS company that has IPO’d since October 2017 (62 companies). The data is below and shows that operating margin and loss have improved. Below is the data. Margin has really improved. In Q2 2022, operating margin…
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