Death of 100x ARR... (maybe), Epic SaaS battles of HISTORY, web2 WAGMI, and more...
👋 Hey, Ruchin here! Welcome to this week’s edition of the ✨Top of the Lyne✨ newsletter. Each week we publish the hottest news from the beautiful world of product-led growth! (PLG)
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Into the Twitterverse 🐦🌌
The death of the 100x ARR multiple… (maybe) 😅
Gitlab announced its first full quarter results this week
152% net revenue retention
89% gross margin
So what’s today's market cap? A *modest* $6B at a 20x ARR multiple
In comparison, Github sold to Microsoft nearly 4 years ago for $7.5B at a 30x ARR multiple! 🤯
Monday.com’s SEO rocketship 🆙
A fantastic thread on how Monday.com generates $500k worth of FREE paid ads via SEO 🧵If you’re a SaaS marketer: You should study Monday dot com. The SEO, brand & growth strategies they used achieve a $5.7B market cap and reach 152k customers is so impressive. It's a masterclass really. Here's a few things you can learn from them 🧵
They’re so good at this that this unassuming blog below generates $94K of ARR... every single month 🤯
In a world where Stripe ❤️ Shopify, Bolt ❤️❤️❤️ Bigcommerce
Yo web2 SaaS junkies… WAGMI 💪🏻
Free trial or freemium? The answer might be “Both of the above” 🤷🏻♂️
🔎 The PLG hunt
The Hyperbeam API enables developers to add “multiplayer web browsers” to their products
With remote collaboration, online social, and remote learning applications,
Hyperbeam’s long-term mission is to build intimate, productive, and genuinely enjoyable experiences for remote users.Hyperbeam makes it easy for developers to embed multiplayer web browsers in their web apps, enabling users to learn, collaborate, and socialize in new ways online and in the metaverse. Welcome to YC, ! ycombinator.com/companies/hype…
Which hot and upcoming PLG company are you most excited about? 👇🏻
Growth Stories 🚀
The story of Grammarly’s evolution from MyDropBox to EssayRater to the writing assistant we know today 🔥
The story of the Ukrainian-American writing assistant's growth to 30 million daily active users and a $13B valuation.
Fundraising, Venture Capital and Exits 🤑
Webflow raised $120M in Series C funding led by Y Combinator Continuity, with participation from existing investors including CapitalG, and Accel 🚀
The round raises Webflow’s valuation to $4B. They’re on course to touch $100M ARR this month.We’re proud and excited to announce our Series C funding round and an upcoming $10M Webflow Community Grants program. Through this program, we’ll be investing directly into our incredible community. 💙 Learn more: webflow.com/blog/webflow-s…
Read “Webflow: The Origins” in our deep-dive here:
Typeform announced their Series C funding round of $135 million this week 💰
Linktree, the “Links in bio” platform is now a Unicorn 🦄
The platform is now at 24 million users with close to 40k sign-ups every day.
Launches, events, and releases
Stripe is now crypto-friendly 🪙
Stripe announced a suite of products this week to enable customers to buy and store crypto tokens, trade NFTs, do KYCs, etc.
Meet Notion’s new Integration gallery 🌠
Nerding out on PLG 🤓📚
Harry Stebbings talks to Lenny Rachitsky about his origins in Product, the 101 of Product Management, the hiring process, and more in the latest episode of 20 Product 🎙
All of us here at Toplyne this week:
*Smiling with earphones on*
Ruchin ツ @Ruchin_KulkarniMe: Smiling with earphones on Friend: Which song are you listening to? Me: Ummm… @HarryStebbings’ voice 😬
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