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7.5 years of @AcquiredFM in one chart.
This startup's revenue graph is the best illustration I've seen of the overnight success that takes years. The graph goes almost vertical at the start of 2023, six years in.
How the Acquired podcast grew to millions of downloads
youtu.beA Smart Bear » The Elephant in the room: The myth of exponential hypergrowth
Jason Cohenlongform.asmartbear.com
Figma had $0 in revenue for 4 years.
Completely breaks the “rush something to market and start charging immediately” mindset that most try to adapt.
And it resulted in the largest acquisition of a private software company (ever) https://t.co/YLGBR9hJe0
MuleSoft, acquired for $6.5B in 2018:
- Took 6 years to reach $10M revenue
- Revenue grew less than 100% every year except 1
- Burned $7M to go from $110M to $188M revenue
- Burned $4M to go from $188M to $297M revenue
Efficient growth is highly valued in enterprise software.