半夜读Bessemer Venture 2010年投资Shopify A轮的Memo
www.bvp.com(这家基金很cool!把之前的部分出名Deal一开始被投资的内部Memo都开放出来了)
其中看到这样2个事后评论:
”Shopify was my first lead investment as a partner, so I was incredibly nervous. It took me three roundtrip flights to Ottawa before I finally decided to present Tobi a term sheet. Why? Very few VCs believed that software businesses targeting SMBs were good investments, let alone ones that could deliver venture returns.“
“Shopify’s target focus on SMBs and the potential market size of online retail were seen as key risks, but their organic growth and profitable business was hard to ignore. In 2010, $132mm in GMV would have put Shopify in the top 50 online retailers. That’s how small the online retail market was at that time!”
所以原来,在2010年的美国,SaaS To SMB也被认为不一定是好生意?
而最后被关注的积极信号指标,是盈利能力和增速
很有意思!有被启发到一些东西(此处省略500字)