The People's VC
We look for founders who are cash efficient, scrappy, and pragmatic. We focus on companies with $2mm to $30mm of run-rate revenue, with year over year growth of 20% to 50%+ depending on revenue. We'll invest anywhere in the US, Canada, UK, Australia, and broader Europe. We prefer to lead, but also follow. Our check is $1mm to $3mm. We like traditional growth rounds as well as leading or filling inside rounds, extensions, supplementing debt facilities with equity, small rounds in big companies, overlooked sectors, and fast rounds. Unlike other VC, we like hearing from founders directly. Email our Managing Partner at sammy@blossomstreetventures.com.
The Numbers
25
Companies Funded
39
Total Capital
1-3
Check Size
2-4
Decision Process
Fresh
Insights
The Blossom Street
Ventures Blog
What SaaS companies raised to get to IPO
We looked at the equity and debt raised as well as remaining cash of the past 73 SaaS IPOs to determine how much net capital it took them to get to IPO. According to that data, it takes $301mm on median and $643mm on average. The average is skewed by Mcafee, Palantir, Snowflake, Dynatrace, Powerschool,…
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The number of rounds to get to IPO
How many rounds has it taken the latest crop of tech companies to go public? Below is the data from the last 49 SaaS IPOs. Software. On median, publicly traded software companies raised through their Series E before going public. Note that Palantir went all the way through their Series K. Other companies like Datto…
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Push for 3 year SaaS contracts
If you’re a SaaS business selling to enterprise, chances are good you’re selling 1 year contracts, paid up front, with auto-renewal subject to a 60 day out and automatic annual price escalators. That’s a fine, traditional contract structure in SaaS, but more and more we’re seeing companies open with longer contract terms. For instance, MeridianLink…
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SaaS acquisition multiples in 2021
Every quarter we publish public SaaS multiples (that data is further down this blog). While we lean on public multiples heavily to understand valuation trends for venture investing, there are acquisitions of public companies that also can give us a feel for where multiples are. Below is the data for all public SaaS company acquisitions…
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