⏱️ As a result, wind-downs will continue to rise for the next year
📣 Shoutout to the South, which has doubled their share of VC from 10% to 20% in the past few years!
(These are my takes from Carta’s data, @PeterJ_Walker may not agree!)
Some thoughts from @cartainc 2023 VC data, #saastrsummit preso:
📉Minus AI, fundraising is still in a slump
😔 M&A hasn’t saved the day because acquirers and startups can’t agree on value
🪡 Now on other side of economic dip, but pain still ahead due to fall fundraising jam
1/2
@maria_g_thomas@joelgascoigne@tmrohan It was a start, and I hope that Bootstrapped / revenue-first programming & workshops grows. Most of the speakers were still about “growing huge with VC” and most of the founder audience was not in that lane. #SaaStrsummit
A new era in startup funding is coming.
Founders will couple the growth of select VC with the durability of bootstrapping.
Less capital, more self-reliance.
It will liberate founders from the VC hamster wheel to build better.
Raise Less, Build More:
https://t.co/OP8DvT7xsV
Listening to @DavidSacks and @jasonlk at @SaaStrAnnual predicting mortality rate of seed co’s will be 80% for a while (up from 20% the last few years). Series A crunch settling in hard according to them.
First 💡 ⚡️ idea so far at #saastr2023@Capchase has launched Capchase Pay, a buy-now pay-later solution for SaaS. Enables SaaS companies to offer monthly subscription payments while preserving annual pricing.
Free up to $250K ACV
As the SaaS market matures, revenue-first startups are more prevalent, more scalable, and are creating better founder outcomes.
Let’s talk revenue growth and how to fund it at #SaaStrsummit this week.
https://t.co/aBdHPMsVxo
aaaand looks like I've got to light up the ol' X account since I'm back on the road again for @revupcapital
HMU at SaaStr Summit, Boston Generative AI Meetup, Business of Software Conf (in NC this yr!), and more
We're spreading the cash around for #revenuefirst startups
Years ago, @MizWithers and I fell 😻 with David’s give-first, no bullshit approach to founders and the startup community. Having him as an investor in RevUp is a true highlight 💫