Two-thirds of these successful cloud computing ventures were founded by teams.
by DevX Staff
Aug 31, 2015
TechCrunch has posted an interesting analysis of successful enterprise software as a service companies. They looked at 66 leading SaaS firms that either went public or were acquired with a valuation of at least $500 million or remained private with a valuation of at least $1 billion. Their findings included the following:
34.9 percent had two founders, and 33.3 percent had three or more founders.
60 percent of founding teams hadn't worked together before.
60 percent of founding CEOs were in their 30s.
41 percent of successful SaaS firms were from Silicon Valley, 20 percent from the Northeast, 9.1 percent from the Midwest, and 22.7 percent from other places in the U.S.
82 percent of top SaaS firms sell their wares across many different industries.