LIVE 🔴 from Salesforce Tower, Code = Alpha, ageing like fine wine, 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)

The outcome we're shooting for is simple... to get enough folks excited about the product-led world that we so dearly love ❤️

Subscribe to get this newsletter every week👇

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Into the Twitterverse 🐦🌌

• SaaS ages like fine wine 🍷

  The average public SaaS company at $1B is growing 67% YoY and accelerating in many cases 🤯

  In NRR (net revenue retention) we trust 🙏🏻

  Jason ✨BeKind✨ Lemkin #ДобісаПутіна @jasonlk

  Your daily jaw-dropper: The average public SaaS company at $1B ARR ... was growing 67% a year

  

Here’s how Zscaler did it 👇🏻

Jason ✨BeKind✨ Lemkin #ДобісаПутіна @jasonlk

So times are a bit tough in the public markets -- but not for everyone Zscaler, security for SaaS, is quietly worth almost $30B And it's growing a stunning 63% at $1B in ARR 5 Interesting Learnings: 🔽🔽🔽🔽🔽

• LIVE 🔴 from Salesforce’s board room 🧗🏻‍♂️

  Marc Benioff @Benioff

  Another day @SalesforceTower. ❤️

• Code = Alpha 👩🏻‍💻

  Excuse me for a second as I get romantic about the power of code 🙈

  • Learning to code is by far the most leveraged activity you can engage in, to effect change in the world

  • Today a young kid in a dimly lit dorm room has free access to the same resources and infrastructure as the largest companies in the world - AWS for servers, Twilio for comms, Stripe for Payments, and Replit for an IDE!

  • Code has the ability to seamlessly connect ideas with scale, uplift populations out of poverty, and connect individuals separated by distance but united by a common spirit.

Ruchin ツ @Ruchin_Kulkarni

In a world where 20-30%+ of market cap is generated by only ~30M devs (<0.5% of global population)… I couldn’t agree more 🚀 Code = Alpha

Amjad Masad ⠕ @amasad

There is still so much alpha in learning to code it’s unbelievable

Featuring a fanboy moment 🙈

Paul Graham @paulg

@Ruchin_Kulkarni @amasad Way, way less than 30m. More like 100k.

Couldn’t agree more! Developer productivity is a strong function of the power-law 📈

Ruchin ツ @Ruchin_Kulkarni

@paulg @amasad Agree! Most of that mcap is probably created by the top 100k

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🔎 The PLG hunt

Meet the in-app Command + Spacebar: CommandBar

CommandBar makes in-app experiences faster by helping users find what they’re trying to accomplish with the convenience of native Cmd+Space search.

Ever struggled with creating a doc on ClickUp, or searching through a support doc on Netlify? CommandBar has got you covered.

CommandBar @CommandBar

🎉 We raised $19M for our Series A! The 3M+ users we’ve reached with forward-thinking companies like @clickup, @GustoHQ, @HashiCorp, @Netlify, and @LaunchDarkly are just the start… techcrunch.com/2022/04/28/com…

techcrunch.comCommandBar lands $19M to inject in-app searches with smarts – TechCrunchCommandBar, a startup developing a search and navigation plugin for web apps, has raised $19 million.

They raised their $19M Series A round this week 💰

Which hot and upcoming PLG company are you most excited about? 👇🏻

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Have you met Toplyne?

Presenting proof that B2B SaaS doesn’t need to be boring

If you were still wondering what we do here at Toplyne, here’s the ELI5 product-explainer 🎬

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Fundraising, Venture Capital and Exits 🤑

• Graphite’s $20M bet on developer productivity

  Graphite @withgraphite

  Excited to announce our $20M Series A from Andreessen Horowitz!

  

  graphite.devShip it: our $20M bet on developer productivityGood point: the Graphite blog

• The largest acquisition in Shopify’s history 👇

  The acquisition will enable the company to create an “end-to-end logistics” platform

  TechCrunch @TechCrunch

  Shopify acquires shipping logistics startup Deliverr for $2.1B tcrn.ch/3ygQKj0 by @Kyle_L_Wiggers

  

  tcrn.chShopify acquires shipping logistics startup Deliverr for $2.1B – TechCrunchShopify announced that it has acquired shipping logistics startup Deliverr for $2.1B, the largest deal in Shopify’s history.

• Lumos wants to provide an end-to-end solution for enterprises to manage the SaaS apps their employees use 🛒

  Andrej Safundzic @AndrejSafundzic

  Lumos Launched ❤️ We have raised over $30m from @a16z, @neo and @lachygroom to build the AppStore for Companies. 📚 Check out the article: techcrunch.com/2022/05/03/lum…

  

  techcrunch.comLumos raises $30M to build the AppStore for the enterprise – TechCrunchLumos wants to build the equivalent of Apple’s AppStore for the enterprise. The company today announced that it has raised a total of over $30 million.

Launches, events, and releases

• Loom 🤝 Productboard

  Loom @loom

  Introducing Loom + @productboard roadmaps. ✨ Our new @loomSDK integration with Productboard enables product teams to record and embed video walkthroughs directly into their product roadmaps. Take a look at how it works 👇

• Securely share financial data with Stripe Financial Connections 💳

  Stripe @stripe

  Introducing Stripe Financial Connections. 🤝🏦 ✅ Verify bank accounts ⚖️ Check account balances 👤 Confirm account ownership 🧾 Retrieve historical transactions stripe.com/financial-conn…

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