Carlotta "Lotti" Siniscalco’s Post

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Partner at Emergence Capital

As a B2B SaaS VC 👩💻 and a huge data nerd 🤓, fewer things bring me more joy than a truly statistically significant analysis (600+ companies surveyed) of B2B SaaS metrics across early stage companies. Great work by our team at Emergence Capital! See comments for full report, and please let us know how we can make this better in the future!

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Based on this it seems like top quartile companies are borderline fundable and median companies can forget about it. I don't think any 1-5M ARR company that's getting 100% ARR growth would think they're killing it. If you ask the founder they probably feel like they're doing just "okay" especially if they're closer to 1 than 5. Also 2x burn multiple still feels high as well, and 4x is just brutal.

Hi Lotti, is this data for EmCap portcos or the market at large?

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Mauro Odorico

Partner of Linfa at Riello Investimenti Sgr S.p.A.

1mo

Numbers are numbers. They don't lie, but they sure know how to make everything more complicated!

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Andrea Rota

MD @ clubdeglinvestitori.it | 50+ Investments | 9 Exits (and 6 Write Offs) to date

1mo

Thanks Carlotta, very useful. I am of course comparing it with local (Italy) ecosystem, and my initial reaction is that (save some notable exception) the data in the table might hold true only if you divide the top row (ARR/company size) by 5 - thanks again for sharing. Now off to look for more exceptions to what I just said :-)

Medha Agarwal

General Partner @ Defy

1mo

Love this!

Christina Des Vaux

Marketing & Platform @ Village Global

1mo

Super helpful Lotti! Thank you for sharing!

Surprising.

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Clément Aglietta

Co-founder & CEO @ Edda | Investor (ex FJ Labs)

1mo

Super clear, super useful! Thank you for sharing Carlotta! ✨

Marco Jean Aboav, Ph.D.

CEO @ Etna Research | Indexing Infrastructure

1mo

One of the most pragmatic reports in the space Carlotta "Lotti" Siniscalco

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