👋 Hi, I’m Kyle and welcome to my newsletter, Growth Unhinged. Every other week I 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.
You’re not the only one noticing that a ‘unicorn’ valuation is no longer all that, well, out of the ordinary.
In Q2 2021 we saw 161 new unicorns. Not only did this set a quarterly record, it surpassed the number of new unicorns created across all of last year.
Some fun facts about the current fundraising market:
Unicorns are now worth >$3 trillion according to Crunchbase, up from $2 trillion last year
A single firm (*cough* Tiger *cough*) added 58 unicorns to its portfolio in 2021 alone
57 unicorns have gone public so far compared to 40 in the entirety of 2020
One word comes to mind: bonkers 🤯
While I’m flabbergasted myself, I wanted to unpack what I see happening in the market and what it means for emerging SaaS startups.
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