Prasanna
๐ค SpeakerAppearances Over Time
Podcast Appearances
So what if I told you that 85% of the SaaS startups that start out do not cross a million dollar in ARR?
This is statistics from Nathan's database that he puts together where he tracks the entire SaaS universe.
There are about 32,499 startups as of yesterday.
And out of them, about 4,766 startups are beyond a million dollar in ARR.
That's roughly about 15 out of 100.
Now, out of those 4,766 startups, 2,700 odd startups are above 10 million in ARR.
2,687 startups are above 10 million ARR, which means one out of two that have crossed a million also crosses 10.
Now, anybody in the SaaS industry knows that if you cross about 10 million in ARR, then you are almost immortal.
It's very, very hard to kill that particular startup.
Unless, of course, you do something very stupid.
Maybe you got caught in a rave party or you invested in Silicon Valley Bank just before March 10.
I know two founder friends who did that.
So other than that, you are pretty much immortal.
Now, some of you who are very data-centric, you're like, no, you're just taking a snapshot of the stats here.
You should look at the time series.
Fair enough.
I looked at this data at Crunchbase.
Crunchbase says that as of yesterday, 24,700 startups are there in the world.
Now, Nathan tracks bootstrap startups as well.
That's why you see the numbers are different.