👋 Hi, I’m Kyle and welcome to my newsletter, Growth Unhinged. Every other week I take a closer look at what drives a SaaS company’s growth. Expect deep dive takes on SaaS pricing, product-led growth, public company benchmarks, and much more.
Toast just IPO-ed1 at a >$20B valuation.
Great news for Boston tech, terrible news for Boston real estate.
Toast’s valuation is up from an already astronomical $4.9B valuation back in February 2020 before the height of the pandemic (and ensuing restaurant shut-downs).Some quick stats from Toast’s S-1 filing:📈 $494M in "ARR" (I'll get to that later)📈 118% ARR growth YoY📈 >110% NDR despite a challenging period for restaurants
Shall we dive in?
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