SaaS takes a long time. SaaS companies took 9 years to IPO/exit since founding, on median taking funding through the Series D. This makes sense given that sales cycles for enterprise SaaS companies tends to be so long.
The 90’s were awesome. Netscape IPO’d in 1994, the same year it was founded. Netflix IPO’d 4 years after its 1997 founding. Google took 5 years after being founded in 1998, TakeTwo took 6 years (founded in 1993), Amazon took 2 years, and Overstock took 3 years. Companies with a pre-2000 founding vintage got to exit very fast even though they were far smaller than their predecessors that IPO today. The 90’s were an incredible time and you could exit with ease relatively quickly whereas today, investors require a lot more revenue which takes time to build.
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