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The Official SaaStr Podcast: SaaS | Founders | Investors
SaaStr 471: SaaStr CEO & Founder, Jason Lemkin and Byron Deeter, Partner at Bessemer Venture Partners, Discuss Why The Cloud is On Fire in 2021
Jul 28, 2021
Jason Lemkin, CEO & Founder of SaaStr, and Byron Deeter, Partner at Bessemer Venture Partners, discuss the growth of SaaS companies, the impact of COVID on the industry, and the challenges tech companies face when acquiring other companies. They also explore the Cloud 100 award and upcoming virtual summit, their investments in Canva and Toast, and the impressive growth and benchmarks in the cloud industry.
34:21
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Quick takeaways
- The cloud industry is experiencing rapid growth, with companies maintaining over 40.2% average revenue growth.
- Private equity firms are emerging as strong contenders for acquiring cloud companies, especially those with capital-efficient business models generating positive cash flow.
Deep dives
The Cloud 100 Awards: A Digital Summit Recognizing Top Cloud and SaaS Companies
The Cloud 100 Awards, in partnership with Forbes magazine and Salesforce Ventures, recognizes the top 100 private cloud and SaaS companies. The event has transitioned to a digital format due to COVID, attracting tens of thousands of viewers. This year, the event will drop on August 10, featuring discussions with industry superstars like Reese Witherspoon and Larry Fitzgerald. The cloud industry is experiencing rapid growth, with companies maintaining over 40.2% average revenue growth. Although strategic M&A from platform vendors has been limited, private equity firms are increasingly interested in acquiring companies with modest growth rates and valuable business models.
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