As 5 more startups join the $100M club, are we just making a pre-IPO list? – TechCrunch
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
Today we’re adding five names to the $100 million annual recurring revenue (ARR) club and listing all preceding members in a single post.
At first, the goal of the jokingly-named “$100 million ARR club” was to highlight companies that were of real scale, an idea designed to gently push back against the “unicorn” moniker.
While, in contrast, $100 million in ARR felt much more “hard” to the valuation metric’s comparable squishiness.
But, since that first post, more and more companies have written in, sharing hard metrics and the series has continued.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
The U.S. is the largest tech market in the world, coming in at $1.6 trillion in 2019.
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