The Anti-VC
We're not unicorn hunters and don't believe in high burn, uneconomic models that reach for market share. We look for solid businesses built by founders who are cash efficient, scrappy, and pragmatic. We focus on companies with $2mm to $20mm of run-rate revenue and year over year growth of 50%+. We'll invest anywhere in the US or Canada, and can look at international opportunities. We prefer leading $1mm to $10mm Series A or B rounds, but can also follow. We like plain-vanilla preferred stock in traditional growth rounds, inside rounds, recaps, secondaries, and restructurings. Unlike other VC, we like hearing from founders directly; email our Managing Partner any time at sammy@blossomstreetventures.com.
Who We AreThe Numbers
22
Companies Funded
24
Invested
1
Check Size
3-4
Decision Process
Our
Portfolio
Our portfolio is diverse and includes software and other recurring revenue models.
See Our Full Portfolio
Founder ownership at exit
Snapchat cofounders Evan Spiegel and Robert Murphy owned a combined 44% of Snapchat before it went public. Mark Zuckerberg owned 31% of Facebook, Sergey Brin and Larry Page owned 31% of Google, the founders of Eventbrite owned 35%, and Reed Hastings owned 24% of NetFlix. These are remarkable levels of CEO ownership upon going public/exit,…
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Q2 SaaS M&A report
We recently got Software Equity Group’s SaaS M&A Snapshot for Q2 2020. SEG is an investment bank focused SaaS companies and they put out fantastic data on what they’re seeing in the market. They’re also a great firm if you’re looking for a banker (softwareequity.com or I can make an intro). Key observations from their…
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R&D spend at SaaS companies
Building out, maintaining, and upgrading a technology stack requires a constant commitment to developers and engineers, so what is an appropriate level of development or R&D expense for a successful SaaS business? We looked at 90 publicly traded SaaS businesses at the time of IPO and 2 years prior to get a sense for how…
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Venture capital may not be for you
A good friend of mine just exited the business he founded for $25mm. Since he built the business on so little outside investment, he owned 52% at exit and took home $13mm. This type of exit brings up an important point: too many founders take a typical venture approach which is to focus on the…
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