Road to IPO

	B	C	D	E	F	G	H	I	J	K	M
1
2	Journey of a SaaS company to IPO
3	Years	1	2	4	5	7	8	9	10	11
4	Phases	Establishment and Early Growth			Scaling and Expansion			Maturity and Exit Options
5	Phases	Pre Seed	Seed	Series A	Series B	Series C	Series D...	Series E..	IPO	IPO
6	Financials
7	Median Growth Rate	-	200%	200%	95%	95%	60%	60%	60%	60%	Source: https://www.bvp.com/atlas/scaling-to-100-million
8	Approximate Revenues	$0	$1,000,000	$3,000,000	$9,000,000	$35,000,000	$65,000,000	$100,000,000	$160,000,000	$250,000,000
9	Funding & Exits
10	Round Size	$500,000	$3,000,000	$9,000,000	$15,000,000	$25,000,000	$36,000,000	$54,000,000	N/A	N/A	Source: Carta
11	Survival	90%	60%	40%	30%	15%	8%	5%	N/A	N/A	Source: https://techcrunch.com/2017/05/17/heres-how-likely-your-startup-is-to-get-acquired-at-any-stage/
12	Likelihood of acquisition	-	25%	60%	80%	90%	93%	98%			Source: https://techcrunch.com/2017/05/17/heres-how-likely-your-startup-is-to-get-acquired-at-any-stage/
13	Number of customers
14	ARPA
15	100		10,000	30,000	90,000	350,000	650,000	1,000,000	1,600,000	2,500,000
16	1,000		1,000	3,000	9,000	35,000	65,000	100,000	160,000	250,000
17	10,000		100	300	900	3,500	6,500	10,000	16,000	25,000
18	100,000		10	30	90	350	650	1,000	1,600	2,500
19	1,000,000		1	3	9	35	65	100	160	250
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