Uthishtan Ranjan, a B2B software investor, published an interesting post on merging two SaaS businesses through an equity swap. It made me reflect and expand on the example. Before reading on, it’s helpful to read Uthishtan’s post first. TLDR; here is the premise of his merger case: […] you are a $20m ARR business growing 40% a…
Many founders of small and young companies can surely recognize this dilemma: on the one hand, their company is already a success, with paying customers, and therefore no longer a startup. But, on the other hand, their company’s future is already at risk because it doesn’t have the cash to grow fast enough. Early adopters…
Read more about Three steps towards successfully funding your scale-up growth
Background In this note, we present the findings from our analysis of 259 Polish software startups that did a seed or a series A venture capital round in the 15 years between 2006 and 2020. Our analysis shows that an increase in VC capital has created more (near) unicorns without necessarily making it easier for…