Unicorns and even Decacorns are all we talk about in SaaS today.
Does it make sense? Can the market really support 300+ SaaS and Cloud Unicorns?
Well maybe. Why? There are now already 6 SaaS/Cloud leaders worth over $100 Billion dollars. And more are coming:
Putting aside oldies like Adobe and PayPal, now Atlassian, Snowflake, Shopify, Square, ServiceNow and Salesforce (maybe an oldie) all are worth over $100 Billion.
Zoom fell out of the $100B Club for now, but it still worth almost $80B. And I bet it’s back soon enough.
So if there are 6 $100B+ SaaS leaders, it would make sense there is room for at least 60 $10B+ leaders, and 600+ $1B+ Unicorns.
That a lot of room for more unicorns, decacorns and more.
More incredible is how they got there, and how they grew post-IPO:
- Shopify was worth $1.2B at IPO in 2015. Today? $200B.
- Atlassian was worth $4B at IPO in 2015. Today? $110B.
- Square was worth $3B at IPO in 2015. Today? $108B.
Power laws are everywhere. And if you really have something in SaaS, it can just get better and better.
Shopify is now worth $200B+
It IPO'd in 2015 at $1.2B
Your daily reminder to #golong pic.twitter.com/aKmv69NmyC
(@jasonlk) November 16, 2021
The post The SaaS $100 Billion Club. It’s Getting Bigger. appeared first on SaaStr.
By: Jason Lemkin
Title: The SaaS $100 Billion Club. It’s Getting Bigger.
Sourced From: www.saastr.com/the-saas-100-billion-club-its-getting-bigger/
Published Date: Wed, 17 Nov 2021 15:20:40 +0000