![]() The strength of our product and the product-market fit is one of the main reasons we have reached centaur status so quickly. Klarna's $45.6 billion valuation last year dropped to $6.7 billion. Startups' valuations are getting slashed because of factors like the impending economic downturn and changes in investor sentiment. Meanwhile, a centaur-status startup has proven it's well on its path.ĪRR metrics are increasingly important in the current economy. Today, unicorn status has become inconsequential as valuation multiples have skyrocketed.Ī startup can have a billion-dollar valuation, but its ARR might only be in the tens of thousands the company still has a long way to go before it can reach the IPO scale. ![]() When the term "unicorn" was coined to describe startups valued at $1 billion, there weren't many of them. ![]() Centaur status is a rare title reserved for private software-as-a-service companies that achieve more than $100 million in annual recurring revenue. Going from $0 to $100 million in annual recurring revenue put Aircall in the "centaur" status club this July.Īnnual recurring revenue is a metric for subscription-based companies that measures how much money the company's subscription contracts generate yearly. We became a unicorn in 2021 and went from $1 million to $100 million in annual recurring revenue within six years, even faster than Shopify. When you first start, you don't know if you will make it, let alone make it big. I worked with eFounders, the startup studio created by Thibaud Elziere and Quentin Nickmans, back in 2013, when I first came across the idea of creating cloud-based call-center software. It has been edited for length and clarity. This as-told-to essay is based on a conversation with Jonathan Anguelov, a cofounder of Aircall. Here's Anguelov's advice for entrepreneurs looking to scale their revenue, as told to Ellen Nguyen.The private company hit $100 million in annual recurring revenue, reaching "centaur" status.Jonathan Anguelov and his cofounders started Aircall, a French SaaS startup, in June 2014.Account icon An icon in the shape of a person's head and shoulders.
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