The Official SaaStr Podcast: SaaS | Founders | Investors cover image

The Official SaaStr Podcast: SaaS | Founders | Investors

SaaStr 718: Predictions for Venture, IPOs and the State of SaaS in 2024 with SaaStr CEO and Founder Jason Lemkin and Harry Stebbings, Founder and Host of the 20 Minute VC

Jan 23, 2024
Jason Lemkin, CEO and Founder of SaaStr, and Harry Stebbings, Founder and Host of the 20 Minute VC, discuss predictions for Venture and IPOs in 2024. They talk about standout companies in 2023 like OpenAI, the challenges of VC funding, surprising lack of support from big funds, concerns for the future of SaaS growth, goals for 2024, and revenue goals and growth strategies in the SaaS industry.
35:27

Podcast summary created with Snipd AI

Quick takeaways

  • The standout companies of 2023 emphasized the importance of staying focused on long-term goals and showed significant growth.
  • Investors are now shifting their focus from searching for unicorns to hunting for decacorns, targeting companies with the potential to reach a billion in revenue and become true market leaders.

Deep dives

Review of 2023's standout company

OpenAI had a remarkable year, growing from a $100 million run rate to $1.4 billion. The company's revenue growth has been generational and has brought attention to the potential of AI. Another impressive company is HubSpot, which continues to dominate the market and has expanded its offerings beyond its origins as a blogging and website platform. The founders' long-term vision and commitment to building something big have paid off. Overall, the standout companies of 2023 have shown significant growth and the importance of staying focused on long-term goals.

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