Please join the Silicon Valley Bank team to discuss our proprietary SaaS State of the Market Report for 1H 2021.  Russ Follansbee, Managing Director on SVB’s Enterprise Software team, will be joined by Rudina Seseri of Glasswing Ventures, Lily Lyman of Underscore VC, and Brandon Gleklen of Battery Ventures, to discuss key fundraising trends and market data in the SaaS sector.Â
Key Themes:
- Continued trend of more capital invested, but in fewer companies.
- Competition in Series C drives up valuations and sends late stage investors in search of value to A and B Rounds.
- Top quartile companies (by pre-money valuation) are raising subsequent equity rounds ~5 months sooner than the historical norm -> Investors are pre-empting demand with high valuations.
- High Growth/High Burn is rewarded with High Revenue multiples.
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REGISTER TODAY to join us for this much-anticipated virtual event via Zoom.
Lily has a background as a founder, investor, and operator in mobile technology. She came to Underscore VC from Facebook, where she worked in product strategy focused on the international growth of core products including Facebook, Instagram, WhatsApp, and Messenger. Prior to Facebook, Lily co-founded an Agtech & CPG startup while at Stanford.
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Lily drives investments at Underscore VC in the areas of Future of Work, Digital Transformation, particularly Vertical SaaS, Customer Experience, and Commerce.
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Lily earned her undergraduate degree from Harvard University and her MBA from Stanford Graduate School of Business. She also holds a Certificate in Entrepreneurship from Columbia Business School and a Certificate in Public Management from Stanford GSB.
Rudina Seseri is Founder and Managing Partner of Glasswing Ventures, leading the firm’s investments in Artificial Intelligence (AI) enabled enterprise software as a service (SaaS), cloud, Information Technology (IT) software, and vertical markets.
As Founder and Managing Partner of Glasswing Ventures, Rudina Seseri leads the firm’s investments in next generation intelligent enterprise and frontier tech startups. With over 17 years of investing and operational experience, Rudina has been appointed by the Dean of the Harvard Business School (HBS) for five consecutive years to serve as Entrepreneur-In-Residence, and is also an HBS inaugural member of Rock Venture Capital Partners.
She has been named one of Entrepreneur Magazine’s 100 Powerful Women, a Boston Business Journal Power 50: Newsmaker, a Mass High Tech Women to Watch honoree and a Boston Business Journal 40-under-40 honoree. Rudina has been published in TechCrunch, Forbes, Quartz, VentureBeat, MIT Sloan Management Review and other leading business publications.
Brandon joined Battery in 2015 and focuses on software investments across all stages. He is currently involved in Battery’s investments in Clubhouse, Cohesity, Dataiku, Harness, InVision, Kustomer, Niantic, Nobl9, Redox, Reify Health, Teamflow, Thundra, Workato, Wunderkind (formerly BounceX),Yesware and, formerly, Bonfire.
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Previously, Brandon worked at BofA Merrill Lynch where he was part of the business
planning and capital strategy/analysis team. Brandon also spent time at Bessemer Venture Partners, as an analyst in their Herzliya, Israel office.
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Brandon graduated from the University of Pennsylvania with a BA in science, technology, and society, with a concentration in information technologies and organizations.
If you have any questions, please contact LaRay Allen at vallen@svb.com.
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