All types of investment have grown, year-on-year, with the biggest growth during the seed stage of financing

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In other words, the typical round size for SaaS companies hasn’t changed materially over the past 16 years but the number of rounds has doubled, which has doubled the amount of capital a startup raises in aggregate before IPO. At least on the surface, the data indicates SaaS companies aren’t more efficient.

That pattern may be driven by an increasingly friendly financing environment or because of increased capital needs of the business or many other reasons. So the next question to answer is capital efficiency. In a future analysis, I’ll calculate the ratio of revenue dollars to VC dollars invested to get a sense of the reality of cloud capital efficiency per revenue dollar.

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Japanese company Hitachi accounted for three percent of the world’s market for diagnostic imaging in 2017.

Because of the losses in the early days, which get bigger the more successful the company is at acquiring customers, it is much harder for management and investors to figure out whether a SaaS business is financially viable.

The venture-backed companies that were acquired most often had a 7 percent share of female execs, as opposed to 3 percent at unsuccessful (unacquired) firms

At Facebook, 15 percent of tech roles are staffed by women

As with unit churn, companies with longer contracts (2+ years) tend to report lower annual dollar churn

The median SaaS business loses about 10% of its revenue to churn each year and that works out to about 0.83% revenue churn a month

Non-renewal rates are higher than gross dollar churn rates and higher for shorter duration contracts

In 2018, the global tech spending is forecast to amount to 3,212 billion U.S. dollars.

The average SaaS company spends just 6 hours determining their pricing strategy

The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18