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by itsprofitbaron 4457 days ago
Don't want to be that guy but 4-5 years for enterprise startups "to get to this point" which I'm assuming is either that market cap size or IPO is ambitious - Enterprise startups tend to take a while to get that flywheel spinning. The fact that Salesforce did it in 5 years (Founded: 1999, IPO: 2004) means that they are more the anomalie than the others. For example here's a list of Enterprise companies which have taken 7-13 years to get to IPO:

Eloqua - Founded: 1999, IPO: 2012. Years to IPO: 13

Qualys - Founded: 1999, IPO: 2012. Years to IPO: 13

Rally Software - Founded: 2001, IPO: 2013. Years to IPO: 12

E2open - Founded: 2000, IPO: 2012. Years to IPO: 12

Exact Target - Founded: 2000, IPO 2012. Years to IPO: 12

Box (Summer IPO) - Founded: 2005, IPO: 2014. Years to IPO: 9

Demandware - Founded: 2004, IPO: 2012. Years to IPO: 8

Fleetmatics - Founded: 2004, IPO: 2012. Years to IPO: 8

ServiceNow - Founded: 2004, IPO: 2012. Years to IPO: 8

Bazaarvoice - Founded: 2005, IPO: 2013. Years to IPO - 7

Workday - Founded: 2005, IPO: 2012. Years to IPO: 7

Marin Software - Founded: 2006, IPO: 2013. Years to IPO: 7

Marketo - Founded: 2006, IPO: 2013. Years to IPO: 7

1 comments

Yes, this was my point. The story you're sold when speaking with VCs is that if you're not at some astronomical valuation within a few years, you're not growing fast enough. A look at how things actually play out reveals a different story altogether.