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tarunm | 3 years ago

Not OP but if I may, these numbers alone also does not necessarily indicate that you can successfully weather a downturn in near future or is well on the path to future success. Your headcount doubled last year and so did your revenue, maybe you doubled your sales team and the model won't scale further (I don't know what is your industry/product is so just speculating). Your revenue per employee is ~$114K, if most of these employees are in tech, maybe there is already too much bloat that you may need to shed soon if the growth does not materialize. If half of your customers just came onboard last year, maybe you are being too quick to boast a 117% NRR. NPS, Glassdoor and best place to work can also be dismissed as easily manipulatable stats.

I am not trying to dismiss anything or being cynical but just trying to point out that a lot of things goes into determining if you are a "good" VC backed startup. In my opinion, a smaller growth in headcount (compared with revenue growth) would have been a better indicator of a healthy startup.

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datalopers|3 years ago

For context the company is Floqast, accounting software SaaS. They raised $110M in July 2021 at 40x revenue (with an aggregate $93M raised over the 4 years prior). They’re proudly waving that Unicorn banner everywhere they can. 180 employees end of 2020 and 500 today on the way to 725.