On the pod we did a recap on Sara's List.
Goal: show startups that:
- are stable-ish startups
- pay a very competitive salary
- w/ great benefits
- but can still make you a millionaire because the equity can 5-10x
Here's a 1 year update on our picks.
Goal: show startups that:
- are stable-ish startups
- pay a very competitive salary
- w/ great benefits
- but can still make you a millionaire because the equity can 5-10x
Here's a 1 year update on our picks.
1. Flexport:
Value at pod: $3.2b. 2019 when Softbank invested $1B at Series D)
Now: $8B. $935M Series E in Feb. 2022.
Growth: 2.5x
Value at pod: $3.2b. 2019 when Softbank invested $1B at Series D)
Now: $8B. $935M Series E in Feb. 2022.
Growth: 2.5x
2. Zapier:
Value at pod: $5.1B. ARR of $140M.
Now: Hasn't raised another round.
Growth: No change.
Some valued Zapier higher at ~$7B based on a 5-year revenue forecast that has Zapier growing 30-50% over the next 5 years.
Value at pod: $5.1B. ARR of $140M.
Now: Hasn't raised another round.
Growth: No change.
Some valued Zapier higher at ~$7B based on a 5-year revenue forecast that has Zapier growing 30-50% over the next 5 years.
3. Uniswap:
Value at pod: est. $45M-$60M range at Aug. 2020, $11M Series A (a16z)
Now: unknown
Did $1B of revenue in 2021
Growth: Crypto's in the toilet, so unsure.
Value at pod: est. $45M-$60M range at Aug. 2020, $11M Series A (a16z)
Now: unknown
Did $1B of revenue in 2021
Growth: Crypto's in the toilet, so unsure.
4. Anduril:
At Pod: $4.65B (had just raised)
Now: March 2022 Anduril is looking to raise up to $1.2B, at a $7B pre-money val
Growth: ~2x
At Pod: $4.65B (had just raised)
Now: March 2022 Anduril is looking to raise up to $1.2B, at a $7B pre-money val
Growth: ~2x
5. Replit:
At Pod: Feb. 2021 Series A of $20M. So maybe $100m?
Now: 3 months after pod in Dec. 2021 raised Series B - $80M (Coutue), $800M valuation.
Growth: 8x
At Pod: Feb. 2021 Series A of $20M. So maybe $100m?
Now: 3 months after pod in Dec. 2021 raised Series B - $80M (Coutue), $800M valuation.
Growth: 8x
6. Airtable:
At Pod: $5.7B
Now: $11.7B. 3 months after pod in Dec. 2021 raised Series F, $735M)
Growth: 2x
At Pod: $5.7B
Now: $11.7B. 3 months after pod in Dec. 2021 raised Series F, $735M)
Growth: 2x
7. Figma:
At pod: $2 billion.
Now: $20b sold to Adobe)
Growth: 10x
At pod: $2 billion.
Now: $20b sold to Adobe)
Growth: 10x
8. Rippling:
At Pod: $1.3B
Now: $11.25B . 2 raises since pod
Growth: 8.5x
At Pod: $1.3B
Now: $11.25B . 2 raises since pod
Growth: 8.5x
9. OpenStore:
At Pod: $250M
Now: 2 months after pod in Nov. raised $75M at $750M val. Just raised $32M in Aug. 2022 (val unknown)
Growth: 3x
At Pod: $250M
Now: 2 months after pod in Nov. raised $75M at $750M val. Just raised $32M in Aug. 2022 (val unknown)
Growth: 3x
10. Faire:
At Pod: $6.7B
Now: $12.6B. 2 raises since pod
Growth: ~2x
At Pod: $6.7B
Now: $12.6B. 2 raises since pod
Growth: ~2x
11. NexHealth
At Pod: $430M
Now: $1B
Growth: 2.3x
At Pod: $430M
Now: $1B
Growth: 2.3x
12. OneTrust:
At Pod: $5.3B
Now: unknown
Growth: Not sure
At Pod: $5.3B
Now: unknown
Growth: Not sure
My take on our picks:
Not bad. Yes, the last 24 months has been crazy for funding so who knows if the valuations will pan out.
But, my point still stands: I think joining a medium (not early, not late) staged startup is a great way for employees to get rich.
Not bad. Yes, the last 24 months has been crazy for funding so who knows if the valuations will pan out.
But, my point still stands: I think joining a medium (not early, not late) staged startup is a great way for employees to get rich.
PS: I named this after my wife @SaraSodineParr who made her first million, BEFORE I DID, by doing this strategy.
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