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Navan Files for IPO: The Opening of B2B IPO Floodgates?

SaaStr

Every IPO other than Sailpoint is trading up, and we’ve got a jolt of momentum here for the first time since … well … 2021. The two so far in B2B, MNTN and Hinge Health are off to a strong start, but are arguably niche vendors. The IPO market has been … on fire in 2025. No “classic” B2B leader has IPO’d yet in this wave.

B2B
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How SaaStr Fund-Backed RevenueCat Went from a $1.5M Round at $7M Valuation in 2018 to $500M+ Today

SaaStr

The numbers validated this quickly: 2018: 100 apps, $1M tracked revenue 2020: Series A at $15M 2021: 6,000+ apps, $1B+ tracked revenue, Series B at $300M valuation SaaStr Fund’s bet wasn’t just on the founders or the technologyit was on the inevitable shift toward subscription-first mobile business models.

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GTM 150: 80% of Exec Roles Aren’t Posted, Here’s How to Land Them Anyway with Andy Mowat

Sales Hacker

The Value of Niching Down ” → Encourages candidates to specialize and be specific to stand out and receive better, faster support from networks and recruiters. In 2021, right? And so like we have a whole article on like the value of niching down and being clear in your niche as well too. Sophie Buonassisi: Interesting.

GTM
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AI and Franchising: What Entrepreneurs Need to Know (+ Examples)

Hubspot

Its a niche subject, and I wanted to cover more than just the expected franchises. Goodey explains how his client Eton , who offers business valuation services, has many location-based keywords like business valuation services in Los Angeles for their niche. Im going to share a little inside baseball with you.

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GTM 154: How AI is Reshaping Sales Tech | Lessons from Building Sales Cloud, Sales Navigator and now an AI-Native Startup

Sales Hacker

And so I joined Salesforce in beginning of February 2021. And, as you know, six weeks later, the entire world was on Zoom, like we’re all remote. So that was an interesting process and I think Salesforce I you know I love the company working there, but I think it’s a very different environment.

GTM
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The Latest SaaStr on 20VC: The State of SaaS 2025: IPOs, AI, and the Coming Shakeout

SaaStr

But you better be prepared for a haircut if you raised at frothy valuations in 2021-2022. The question becomes whether you can out-innovate them or find a defensible niche. What this means for your startup: If you’re doing north of $500M in revenue with 30%+ growth, the IPO window is officially open. Most podcasts are dull.

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Are You Really On The IPO Track? If Not, Maybe Don’t Unicorn

SaaStr

Thats what all the last 5 SaaS IPOs, all the SaaS IPOs since 2021 in fact, were doing at IPO: Rubrik, Klaviyo, ServiceTitan, OneStream and Sailpoint. Take a look here at the lastest data from Carta on the Unicorn Class of 2021: You can see 61% werent able to raise another round. Thats $500m ARR growing 50%.