Hot in Enterprise IT/VC - What's 🔥 in Enterprise IT/VC #268
What's 🔥 in Enterprise IT/VC #268Open source infra on 🔥 with 🪳 + Sysdig rounds...on flip side, lessons learned on how too much 💰 too early can kill a company...
The flight to 🔥 enterprise infra companies and high quality continues with Cockcroach Labs raising $278M at a $5B valuation, more than doubling in less than 12 months 😲 and Sysdig raising $350M at a $2.5B valuation! Why may you ask? First up is 🪳 (distributed SQL cloud db). Huge market and once again, the transition to open source downloads to ☁️ is 🔑 - here’s more from their blog:
Here’s more on Sysdig (container + k8s security)
And this halo effect for enterprise infra and dev first companies continues to day one where I’m regularly seeing rounds that should be $3-4M in size balloon to $8-10M. And then you have some Series B rounds like this 🤯 in the OSS and dev first space where $1M of ARR can equal a $1.5B valuation!
I keep saying, but will repeat myself, some folks can handle the extra cash and high expectations and others cannot. With that, I encourage you to read the 🧵 below from Joe Fernandez from Klout which at the time was one of the hottest startups out there but one of the biggest issues that killed the company was raising too much 💰. This will likely happen to many companies in 2022. 👇🏼Some amazing lessons learned from 2008...and some reminders for founders...too much 💰 at too high a price too early can be a ⚓ and not a blessing... Joe Fernandez @JoeFernandez I took Klout from being one of the hottest startups in the world to lucky to be acquired in less than two years. Here is everything I learned almost killing my company - https://t.co/U0HXnmkbkc@JoeFernandez "More than anything though I learned that if you raise money at a high valuation and you start losing momentum, your life is about to be extremely not fun. Almost any mistake you make as a founder can be fixed, except that one." And we also can’t forget that these high valuations will need to lead to higher ones to have venture capitalists continue to pump 💰 into companies. Some of the leading research analysts on Wall Street are actually downgrading a number of high flyers because of high expectations and inflation.
As always, 🙏🏼 for reading and please share with you friends and colleagues. Scaling Startups
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