Revenge of the SMBs; Plus Weekly SaaS News and Updates

Bill.com is one of the quiet SaaS success stories. They’ve scaled to $200m+ ARR growing 38% selling just to 100,000+ SMBs, solving a hard problem (i.e., automating the back office and payments and billing for SMBs), and doing it with 120%+ NRR.

VCs have a much higher chance of making good money. Their own investors (“LPs” or Limited Partners) pay them for a decade more than fairly to manage their investments, no matter how well or poorly they perform. So who makes more in the end?

Join Qualtrics, Elastic, Okta, Snowflake, Salesforce, and more at SaaStr Enterprise: May 26-27. Core passes are free, or you can upgrade with code saastrweekly to grab a VIP networking pass for $299. (Prices increase to $499 on May 5.) 

Just how fast is SaaS and Cloud growing? One thing we know — Fast. Still. Even now, at hundreds of billions in annual spending. Gartner’s latest report illustrates just that. Cloud software spending grew a stunning 23% in 2021, from $270 billion to $330 billion. But that’s just the start.

Notion’s CEO and Co-Founder, Ivan Zhao, share his secrets on how to grow an enterprise audience by building a community around your brand.