The Latest from SaaStr: 5 Interesting Learnings from Sprout Social at $240,000,000 in ARR

By Jason Lemkin · Wednesday, June 15, 2022 | 5 Interesting Things, Scale

So it wasn’t that long ago we checked in with Sprout Social, but when we did in June 2021, the public markets were at their peak for SaaS and Cloud stocks.  And Sprout Social seemed like an interesting but small SMB player.

But fast forward to today, and Sprout Social is one of the winners in the current market dynamics.  It’s sitting at a $2.6B market cap — up more than 3x from the $800m valuation at its IPO in December 2019,  Not too shabby!!

The key?  Relatively efficient growth, with a PLG booster.  Let’s dig into why Sprout Social stands out in today’s macro environment.

Read the full article: 5 Interesting Learnings from Sprout Social at $240,000,000 in ARR

By Amanda Beaty · Thursday, June 16, 2022 | Engineering, Product

What makes a great API? And how do you go about building a successful one? Miguel Carranza, CTO at RevenueCat, shares ten learnings from firsthand experience in architecting an API & SDK that is currently on 5,000+ apps and has seen 3x growth Year-over-Year. 

Read the full article: Top 10 Learnings Architecting a High-Throughput Critical API With RevenueCat Co-Founder & CTO Miguel Carranza (Pod 564 + Video)

By Jason Lemkin · Wednesday, June 15, 2022 | Early, Leadership

The world of venture has changed so much in the last 2 years.  First, pitches moved to Zoom.  Then, SaaS VC interest exploded.  And now, it’s slowed down again.  Given all the changes, I thought it would be worth refreshing this classic SaaStr post on things it’s easy to get wrong when pitching investors.

Pitching VCs is like anything.  You’ll get better at it over time.  Later, you’ll even get great at it.  Once you know how it works, it’s not even that hard to knock it out of the park.

Read the full article: 16 Rookie Errors Founders Make Pitching to VCs — And Passing the “20 Minute” Test

By Jason Lemkin · Tuesday, June 14, 2022 | Fundraising

It’s confusing. Why do VCs need to own “so much”? Why do they often have these specific targets?  Isn’t just making your investors a good return enough?

It’s because it’s really hard for VCs to make enough money otherwise.

Read the full article: Dear SaaStr: Why Do VCs Want To Own So Much When They Invest?

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