Category: SaaS
Hustle Fund’s Elizabeth Yin discusses 2020’s fundraising landscape
‘VCs have gotten quite scared, almost to a fault’ Alex Wilhelm 8 hours On the heels of her conversation-driving Twitter thread on 2020’s venture fundraising climate, Hustle Fund’s Elizabeth Yin converted her thoughts into an op-ed for TechCrunch. In keeping with her expansive thread, we asked her to adapt her…
Read More
The fundraising landscape is shifting in 2020
Elizabeth Yin Contributor Elizabeth Yin is a founder and general partner of Hustle Fund, a pre-seed venture capital fund that invests in hilariously early software startups across the U.S., Canada and Southeast Asia. When I was a founder many years ago, I felt like I heard constantly conflicting advice and…
Read More
As Block exits, Salesforce forecasts it will surpass $20B in revenue in FY2021
When Keith Block joined Salesforce from Oracle in 2013, the CRM giant was already a successful SaaS vendor on a billion dollar quarterly revenue cadence. When the co-CEO announced he was stepping down yesterday, the company reported revenue of $4.9 billion for the quarter. During his tenure, the the company’s…
Read More
New York’s BounceX reaches $100M ARR, rebrands
Welcome to the $100 million ARR club, BounceX. This morning (evening, timezone depending), BounceX, a New York-based marketing technology startup, announced that it has reached the $100 million annual recurring revenue (ARR) threshold, adding its name to our running list of companies that have crossed over into nine-figure revenue while…
Read More
Salesforce grabs Vlocity for $1.33B, a startup with $1B valuation
It’s been a big news day for Salesforce . It announced that co-CEO Keith Block would be stepping down, and that it had acquired Vlocity for $1.33 billion in an all-cash deal. It’s no coincidence that Salesforce targeted this startup. It’s a firm that builds six industry-specific CRMs on top…
Read More
VC firm Oxx says SaaS startups should avoid high-risk growth models
‘The companies that best meet their customers’ needs always end up winning’ Steve O’Hear @sohear / 8 hours Oxx, a European venture capital firm co-founded by Richard Anton and Mikael Johnsson, this month announced the closing of its debut fund of $133 million to back “Europe’s most promising SaaS companies”…
Read More