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...
Gusto vs. Rippling vs. Deel vs. Check
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [gusto-vs-rippling-vs-deel-vs-check] TL;DR: We did a report on Gusto—check it out here. Sacra members can access...
Hiive: the order book for the private markets
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [order-book-for-the-private-markets] We’re excited to announce our partnership with Hiive, which is embedding Sacra research directly...
Vercel, Netlify, and the consumerization of developer tools
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [vercel-netlify-consumerization-dev-tools] TL;DR: We did interviews with Kleiner Perkins’ Bucky Moore, Netlify’s VP of Developer Experience...
How Vanta, Secureframe and Laika are arming the rebels of B2B SaaS
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [vanta-secureframe-laika-arming-the-rebels] TL;DR: We did interviews with the CEOs of Secureframe, Vanta, and Laika—three compliance companies...
Rubrik: the $4B Snowflake of data backups
Hi everyone 👋 Sign up to our email list for more weekly private market insights. [the-4b-snowflake-of-data-backups] TL;DR: We did a report on Rubrik, the enterprise data backup and security company...