ChowNow, Lunchbox, and the $12B product-market fit of pizza that launched food delivery
Hey everyone! 👋 TL;DR: COVID was a huge tailwind for DoorDash/Uber Eats, but it drove down the margins of newly delivery-reliant restaurants to 1-2%. Now, vertical SaaS for restaurants like...
Retool: the $82M ARR internal app builder
Hey everyone! 👋 TL;DR: Retool went from bottom-up PLG to enterprise elephant-hunting en route to $82M ARR. Now they’re building out a parallel, low-code version of the model-view-controller (MVC)-esque product...
Linktree: the $33M ARR About.me for Gen Z
Hey everyone! 👋 TL;DR: Link-in-bio companies found initial product-market fit as a demilitarized zone (DMZ) that created a buffer between authoritarian, puritanical social media platforms like TikTok/Instagram and debaucherous, prosperous...
1Password: the $6.8B Dropbox of secrets
Hey everyone! 👋 Sign up for our email list here for weekly insights like this in your inbox. [1password-dropbox-of-secrets] TL;DR: 1Password turned their bootstrapped consumer tool into the “Dropbox for...
Jasper: the $72M ARR Google Suite of generative AI
Hey everyone! 👋 Sign up to our email list for more weekly private market insights. [the-google-docs-of-generative-ai] TL;DR: Generative AI copywriting apps Jasper ($72M ARR) and Copy.ai ($11M ARR) grew fast...
Fivetran: the $200M/yr Zapier of ETL
TL;DR: Fivetran ($5.6B) has built a ~$190M a year business as the Zapier of ETL, but like Zapier, they face an existential threat as SaaS companies like Salesforce and Stripe...
Aviron and the Xbox of connected fitness
Hey everyone! 👋 TL;DR: Post-COVID headwinds broke the unit economics of connected fitness—now, we’re seeing startups vie to build the core fitness "gaming console" of this emerging ecosystem with software...
Pinwheel, Argyle, Atomic, and the APIs funding $10T to neobanks
Hey everyone! TL;DR: Direct deposit switching APIs like Pinwheel are redirecting the $10T of payroll deposited in incumbent banks towards neobanks and novel vertical finance apps. Read our interview with...
Deel, Wingspan, Bonsai, and the Cash App for the global labor market
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [cash-app-global-labor-market] TL;DR: Global payroll companies like Deel, along with up-and-comers like Wingspan and Bonsai and...
Kry, Ro, Quartet Health, and the telehealth capital cycle
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [telehealth-capital-cycle] TL;DR: D2C telehealth companies have come a long way from hocking generic Viagra, but...
Deel at $100M ARR
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [deel-100m-arr] Yesterday, global payroll company Deel announced that 20 months after launching, it hit $100M...
Salesforce, Amplitude, and the fat data layer in B2B SaaS
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [fat-data-layer-b2b-saas] TL;DR: We interviewed Julia Schottenstein from dbt Labs, Sean Lynch from Census, Earl Lee...
How Figma defied Adobe's bundlenomics
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [how-figma-defied-adobe-bundlenomics] TL;DR: Figma's $20B sale to Adobe reflects both that it beat back Adobe's attempt...
Sydecar and the new atomic unit of the private markets
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [atomic-unit-private-markets] TL;DR: LP interests in SPVs are the next frontier, taking over from the cap...
Compound, Savvy, and the Mint for the 0.1%
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [mint-for-the-ultra-wealthy] TL;DR: We interviewed Carta CFO Charly Kevers, Savvy CEO Ritik Malhotra, and produced a...