67% are enterprise. We were able to determine SMB or enterprise status of 70 of the companies. We define SMB as any customer paying less than $12k annually. Of the 70 companies, 47 are enterprise focused (67%) and 23 are SMB focused (33%). The data shows that while it may be very attractive to go after enterprise clients, it’s not a pre-requisite to have a great exit.
Thank you for your readership. Visit us at blossomstreetventures.com for more SaaS metrics.