valuation for SaaS is highly depend on1. ARR growth rates2....

valuation for SaaS is highly depend on

1. ARR growth rates
2. GPM
3. Product stickiness
4. DBNER

for small SaaS, we have better odds
1. easier to grow due to absolute value is small
2. international market is huge


I have compare the above with FSLY CRWD DDOG ZM PD.

P/S for 3DP can be in the higher tier. Due to 450% growth in ACV 5.6MM compare to last AR rev of 1.3MM. and this 450% is just 3 months, still have 9 more months. next year when AR is out, Rev should be more than 5.6MM.

if you follow T2D3, first two T2 could be done by next year June 2021.

and T2D3 final year P/S for 1B MC is 10-15x, which we know is not the right P/S for a company that can achieve T2D3.

That's why I think the 1B MC could happen in next 24months. Been lucky so far to be able to achieve high growth rates in ACV, next update if more surprise comes... we will have a great Christmas celebrations.

Today is Children's Day in Singapore, got to bring the kids out.

Have a great weekend.

PS: I am still adrenaline rush by Ryan Cohen's latest venture.