article thumbnail

With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

That’s how much Los Angeles-based ServiceTitan , a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers.

SaaS 292
article thumbnail

Cornerstone OnDemand Files For IPO

socalTECH

According to the S-1, the firm had a net loss of $8.3M Tags: software saas exit acquisition merger ondemand cornerston. on revenues of $29.3M for 2009, and has seen revenues grow to $20.28M in the first six months of 2010. READ MORE>>.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

ACTIVE Network Signs Up Two YMCAs

socalTECH

ACTIVE Network said it has signed up the YMCA of the North Shore in Massachusetts and YMCA of the Brandywine Valley in Pennsylvania as customers for the company''s ACTIVE Net cloud platform. active network ymca sports community registration software saas' Financial impact of the two wins were not announced. READ MORE>>.

Activity 138
article thumbnail

What is the Right Burn Rate for your Startup?

Both Sides of the Table

The Basics The starting point — the 101 — is knowing the difference between gross burn and net burn. Gross burn is your cost base and net burn is the difference between your revenue and costs. GAAP Net Income, which at times isn’t a good reflection of cash burn). In short, it’s the amount of cash you’re burning every month (vs.

Startup 212
article thumbnail

Cornerstone OnDemand Selects NASDAQ

socalTECH

The firm, which is headed by Adam Miller, also updated its financials, saying it had a net loss of $31.39M on revenues of $32.57M for the nine months ended September 30, 2010. Tags: cornerstone ondemand merger acquisition exit software saas. Cornerstone OnDemand filed for an IPO in September. READ MORE>>.

article thumbnail

Entrepreneurs Should Go For The Quick Buck – Then Stop - Initial Business Models Can Be Enticing But Limiting In The Long Run

InfoChachkie

They knew that price restructuring would significantly impair their gross revenues as well as their net income, which would dramatically impact their stock price. The company artfully repurposed the tools, dashboards and scripts which it delivered to its initial consulting clients and created a SaaS solution.

article thumbnail

Playing the Long Game in Venture Capital

Both Sides of the Table

Our goal is to produce a $10 billion+ winner and remain the market leader in this SaaS category of AI in Sales & Marketing. And while it hasn’t been an “overnight success,” we’ll happily follow in ProCore’s footsteps.