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Hello from the apocalyptic San Francisco!  I have not left the house for almost 5 days... 

We are seeing a flood of high growth enterprise tech companies filing for IPO these past few weeks.  My partner Chris did a really throughout analysis on all the S-1 filings for Snowflake, Asana, Unity, SumoLogic, and JFrog.

A few takeaways: 

  • Average number of years to IPO: 11 years
  • Range of number of customers: 2K customers (SomoLogic) - 1.5M customers (Unity)
  • Range of YoY growth rate: 42% (Unity) -132% (Snowflake)
  • Range of Gross Margin: 62% (Snowflake) - 86% (Asana)
  • Range of Revenue: $138M (JFrog) - $700M (Unity) 

For early-stage investment,  we often see many small checks into many companies.  The real winners of these IPOs are the investors with 20%+ ownership through IPO. These phenomenal firms include — Sequoia, Greylock, and Sutter Hill Ventures.

Check out the Analysis of Upcoming IPO’s in Silicon Valley 2020.

This week a total of 17 startups raised $620M in funding, M&As:

  • $56.2M goes to 5 Enterprise startups
  • $30M goes to 1 HR startup
  • $27M goes to 1 AI startup
  • $33M goes to 1 Marketplace startup
  • $3.6M goes to 1 Wellness startup
  • $20M goes to 1 AgTech startup
  • $4M goes to 1 Transportation startup
  • $42M goes to 2 Hardware startups
  • $97M goes to 2 Healthcare startups
  • $300M goes to 1 BioTech startup
  • $6M goes to 1 Renewable Energy startup
  • $1.2M goes to 1 Other startup
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Edith

See more details below:
  
  Funding (300 miles radius from Silicon Valley)

Enterprise 
HR AI Marketplace Wellness AgTech Transportation Hardware Healthcare BioTech Renewable Energy Other  IPO & M&A (300 miles radius from Silicon Valley)  
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Race Capital · 548 Market Street, #7142 · San Francisco, CA 94104 · USA