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LIVE from SaaStr Europa 2024: Stage B- Tuesday SaaStr Europa 2024 is a SOLD OUT event. Watch live here and following along the schedule at: https://lnkd.in/dqZjKRzK
SaaStr is the world’s largest community of SaaS executives, founders, and entrepreneurs. Our goal is to help everyone get from $0 to $100m ARR with less stress and more success. We do that with a combination of industry-leading content and community connections. The SaaStr Annual is the largest non-vendor event in the industry. SaaStr began in 2012 as a simple WordPress blog and a few answers on Quora sharing EchoSign founder Jason Lemkin’s learnings of going from $0 to $100m ARR at EchoSign. This led to our first meet-ups in 2013, the first SaaStr Annual in 2015, the industry’s leading podcast in 2016, the first coworking space in 2017, and the first learning management system for SaaS CEOs in 2018. To continue expanding and serving the community, SaaStr has grown its offerings to include regional and global events, a co-selling space, an investment fund, and an automated e-learning platform. SaaStr has been named one of the Top 100 Blogs for Entrepreneurs but Forbes and one of the 50 Best Websites for Entrepreneurs by Inc. Magazine, and a Top Writer on Quora six times. Jason has been named by Business Insider to the 32 Most Powerful People in Business Technology.
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SaaStr reposted this
LIVE from SaaStr Europa 2024: Stage B- Tuesday SaaStr Europa 2024 is a SOLD OUT event. Watch live here and following along the schedule at: https://lnkd.in/dqZjKRzK
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How to Get the Best Deal on #TermSheets - and Also Make Sure the Deal Closes #VentureCapital https://lnkd.in/ewcjaPdC
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SaaStrAnnual.com 2024!! Sep 10-12 in SF Bay 12,000 of The Best in SaaS and Cloud!! SaaStr.ai Summit 800+ VCs 1000+ Braindates and Mentoring Sessions CMO, CCO + CRO Meetups The Secrets to Scaling SaaStrAnnual.com
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This is how we do it 😎
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Just about every legal tech AI product will have very similar capabilities in the next few years. In the clip, Jason M. Lemkin discusses Harvey’s latest round and says 2025 will be the year of legal tech AI parity. I think 2025 is too aggressive but if you don’t know Jason, he’s like the Warren Buffet of the SaaS sector and he knows a thing or two about legal tech. He was the founder and CEO of EchoSign and has had several investments in the space including one with reveal - logikcull through last year’s exit. He’s probably the most respected thought leader in world of SaaS. Jason recounts his conversation with Andy Wilson from Logikcull who said that if we give it 6 months all the legal tech AI platforms will be doing the same things. It’s easy to miss the forest for the trees right now because there’s so much activity happening at ground level. But if you zoom out, there are broad categories of legal AI uses cases that will likely have a high degree of parity amongst the tools that address them. How much long-term differentiation will there be in the document review/analysis/drafting platform category, for example? One obvious way to create differentiation is by having exclusive access to the best data. Harvey trying to raise $600M to acquire vLex is an example of such a strategy. Had they been successful, they would have had exclusive access vLex’s vast trove of data. That’s how legal tech AI companies are going to build a moat. Building a moat purely through capabilities is going to be difficult because that can (and will) be replicated.
Our top, most read SaaStr posts and most watched videos of the week ... in case you missed ’em:
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You might have missed it. But this was a great week in SaaS. A truly great week: - OneStream IPOs to a $5 Billion Valuation at 10x ARR, growing 34% at $500m ARR. No slowdown here. - Clio raises for legal tech at $3 Billion. Took 14 years to get to $100m ARR, but then doubles to $200m in last 2 years. No slowdown here. - Vanta raises at $2.5 Billion at $1X0m ARR as overall security SaaS remains very strong. No slowdown. - Google Cloud accelerates, crosses $40B run-rate, growing a stunning 29% and profitable. No slowdown. - Oh yeah, Wiz turns down a $23B M&A offer. Went from $0 to $500m ARR in 4 years. OMFG. Theme #1: None are AI smoke-and-mirrors Theme #2: This might be the week SaaS finally came back