SaaS Financial Leaders Discuss SaaS Businesses
Monday, September 12, 2016 // 6:30 PM - 9:00 PM
New York, NY
This Voray brings together financial leaders from NYC's fastest growing SaaS firms for a small dinner to discuss underlying trends of the booming software as a service market. During the conversation we will also discuss what metrics financial leaders focus on to understand their businesses, and why.
According to a recent article in Inc., for the past ten years, we have had a front row seat witnessing the growth of the as a service market. In a decade, it has become evident that most applications as a service companies will trade at 5 times revenue while growing at 30% year over year. We also know that most successful SaaS firms operate on an operational rule of 40% (growth rate + profit). When examined together, it becomes clear that these companies are growing at a faster rate than ever and are hitting a $50 million evaluation mark faster than ever before.
More interestingly, "by 2018, 59% of all cloud workloads will be SaaS based, up from 41% in 2013". This is compared to 28% of cloud workloads being IaaS and 13% being PaaS.
What does this mean?
Will more financially powerful cloud application MSP's grow past the $50 million mark in a shorter period of time than ever before?
Will this create a surplus of venture capital firms looking to make ground floor investments?
The trend is SaaS explosion, but will that explosion of funding become much more competitive in the years to come?
Let's discuss these trends, eventual exits, what the future may hold over some great food with old and new friends. Bring your appetite and your liver!
LocationZuma. 261 Madison Ave, New York, NY 10016