Substack 1 - NYT 0, Deel races to $100m ARR, "scheduled maintenance" grounds Jira, 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 🐦🌌
Let’s address the 800-pound gorilla in the room first 🦍
Elon’s offered to buy 100% of Twitter at $54.20 (nice) a share… a 54% premium over the Jan 28 closing price. *grabs popcorn*
Substack 1️⃣ New York Times 0️⃣
How do you manage the storm after a shitpost from the world’s largest news publication?
A masterclass in managing public comms from Lulu Cheng Meservey @ Substack 🧵👇🏻
P.S. For what it’s worth we’ve learned a 100x more from Substackers over the last year than the boomers at NYT and all their peers… combined
The SaaS world crowns its latest Guinness World Record holder…
Deel! From an ARR of $1M to $100M in 20 months 🤯⚡️
*(Well designed) software is eating the world - Marc Andreessen…
…And Indians are eating the Cloud 🇮🇳
“Scheduled maintenance” grounds Jira 🤷🏻♀️
….It’s a great time to be ClickUp 😉
Find someone who looks at you like Dylan and Amjad look at DALL.E 2
🔎 The PLG hunt
In-Tandem remote work: Meet Hybrid Spaces 💻
Tandem just launched Hybrid Spaces that enable users to teleport around the office, unlocking hybrid collaboration and spontaneous interactions.Be at the office, when you can't be at the office with Hybrid Spaces! Check out our 2-minute explainer 👇 and book a demo: tandem.chat/hybrid
We're excited about where Tandem can take the future of remote work 🤩
Which hot and upcoming PLG company are you most excited about? 👇🏻
Growth Stories 🚀
The one and OnlyFans 👙
By the end of 2020, the company had grown its revenue by an astonishing 540% to reach $400million. In 2021, they hit an estimated $1.2B in net revenue, and are expected to almost double that figure this year.
In an industry that’s notorious for ~50% retention rates, here’s how OnlyFans built out a growth engine that powers their ridiculous revenue numbers.
Fundraising, Venture Capital, and Exits 🤑
Bolt acquires crypto start-up Wyre for $1.5B 🤝
Airbyte 🤝 GrouparooAfter starting Grouparoo with @bleonard and @EvanTahler ~2.5 years ago, we’re excited to share the next chapter in our journey! We’re honored to be joining @MichelTricot, @JeanLafleur, and the amazing team they’ve built @AirbyteHQ! 🦘🐙 airbyte.com/blog/airbyte-a…airbyte.comAirbyte acquires Grouparoo, reverse-ETL open source product | AirbyteAirbyte acquires Grouparoo, reverse-ETL open source product
Dive into Airbyte’s growth story from earlier this year. 👇
Nerding out on PLG 🤓📚
Fast announced last week that they’re shutting down.
Here’s Domm Holland with the story of what went wrong at Fast:
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