Silicon Valley Funding News - Week of September 14 2020. Zymergen Raised $300M led by Baillie Gifford

Hello from the apocalyptic San Francisco!  I have not left the house for almost 5 days... 

We are seeing a flood of high growth enterprise tech companies filing for IPO these past few weeks.  My partner Chris did a really throughout analysis on all the S-1 filings for Snowflake, Asana, Unity, SumoLogic, and JFrog.

A few takeaways: 

• Average number of years to IPO: 11 years
• Range of number of customers: 2K customers (SomoLogic) - 1.5M customers (Unity)
• Range of YoY growth rate: 42% (Unity) -132% (Snowflake)
• Range of Gross Margin: 62% (Snowflake) - 86% (Asana)
• Range of Revenue: $138M (JFrog) - $700M (Unity) 

For early-stage investment,  we often see many small checks into many companies.  The real winners of these IPOs are the investors with 20%+ ownership through IPO. These phenomenal firms include — Sequoia, Greylock, and Sutter Hill Ventures.

Check out the Analysis of Upcoming IPO’s in Silicon Valley 2020.

This week a total of 17 startups raised $620M in funding, 0 M&As:

• $56.2M goes to 5 Enterprise startups
• $30M goes to 1 HR startup
• $27M goes to 1 AI startup
• $33M goes to 1 Marketplace startup
• $3.6M goes to 1 Wellness startup
• $20M goes to 1 AgTech startup
• $4M goes to 1 Transportation startup
• $42M goes to 2 Hardware startups
• $97M goes to 2 Healthcare startups
• $300M goes to 1 BioTech startup
• $6M goes to 1 Renewable Energy startup
• $1.2M goes to 1 Other startup