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SaaStr 677: MongoDB at $1.5 BILLION in Revenue: An Epic Growth Story

SaaStr 677: MongoDB at $1.5 BILLION in Revenue: An Epic Growth Story

FromThe Official SaaStr Podcast: SaaS | Founders | Investors


SaaStr 677: MongoDB at $1.5 BILLION in Revenue: An Epic Growth Story

FromThe Official SaaStr Podcast: SaaS | Founders | Investors

ratings:
Length:
17 minutes
Released:
Jul 22, 2023
Format:
Podcast episode

Description

Some SaaS and Cloud leaders have seen big impacts from the post-Covid hangover, but others keep accelerating. MongoDB is one of those that has never stopped.    Instead of looking at those who are struggling, let’s take a look at the epic growth story of MongoDB, a company crushing it in 2023.    MongoDB is at a stunning $1.5B in ARR, 29% overall growth, and is worth $29B. That’s about as good as it gets in SaaS and Cloud!    While many less efficient public SaaS companies are trading at tough multiples of 3-4x ARR, and the average is about 6x ARR, MongoDB is almost 20x ARR.    Let’s look at nine interesting learnings about this leading company.  
Released:
Jul 22, 2023
Format:
Podcast episode

Titles in the series (100)

The Official Saastr Podcast is the latest and greatest from the world of Saastr, interviewing the most prominent operators and investors to discover their tips, tactics and strategies to attain success in the fiercely competitive world of SaaS. On the side of the operators, we centre around getting from $0 to $100m ARR faster, what it takes to scale successfully and what are the core elements of hiring. As for the investors, we learn what metrics they hone in on when examining SaaS business, what type of metrics excites them and what they look for in SaaS founders.