Hot in Enterprise IT/VC - What's 🔥 in Enterprise IT/VC #252
What's 🔥 in Enterprise IT/VC #252❄️ and Salesforce earnings 😲 - eventually you have to grow into your valuations and performance matters
It seems that every week, What’s 🔥 is chock full of massive financing rounds for private enterprise companies. Behind all of these funding announcements, however, is the need for founders to keep delivering on growth. And while we all worry about the massive uptick of valuations and growth expectations, I do find comfort in looking at the bellwether public companies announcing their earnings and continuing to deliver on results. This week is a reminder of why 💰 continues to pour into enterprise startups. When public companies like Salesforce and Snowflake continue to crush it in the public markets at their respective scales, it shows there is still tons of upside when it comes to IT spending from large enterprises. First up is Salesforce - 😲 look at those numbers at their scale - absolutely incredible - the platform sales seems to be working as it continues to go after Microsoft. Here’s a tweet from Brett Taylor, #2 to Marc Benioff at Salesforce. Salesforce Growth:
2022 $26.3B (guidance)
2021 $21.25B
2020 $17.1B
2019 $13.2B
2018 $10.5B
2017 $8.4B
2016 $6.7B
2015 $5.4B
2014 $4.1B
Thank you to all our stakeholders!
Next up is Snowflake - all I can say is 🤯! More here from their Q2 release: And if you want to know the big idea for Snowflake, here is what’s in store for the future:
As always, 🙏🏼 for reading and please share with your friends and colleagues! Scaling Startups
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What's 🔥 in Enterprise IT/VC #251
Saturday, August 21, 2021
APIs + developer tools for the win 💪🏼: Postman and Apollo at combined $7.1B of value 🤯 - Postman's dev first flywheel
What's 🔥 in Enterprise IT/VC #250
Saturday, August 14, 2021
☁️💯, PLG + Dev First Rule, breaking down the Top 20
What's 🔥 in Enterprise IT/VC #249
Saturday, August 7, 2021
🤯 Enterprise on 🔥 with no end in sight - big rounds, earnings + more on Superhuman journey, bespoke onboarding to bespoke Series C
What's 🔥 in Enterprise IT/VC #248
Saturday, July 31, 2021
Creating new infrastructure categories takes time, the compounding value of community - Replicated 4 years from Series A to B, 9 mos to Series C
What's 🔥 in Enterprise IT/VC #247
Saturday, July 24, 2021
How to scale from 100 to 700 people in 2 years? Here's Dipti's (VP People) playbook from Snyk
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