Alex Willhelm for TechCrunch:
That said, there is a club of private companies that are really something, namely private ones that have managed to reach the $100 million annual recurring revenue (ARR) threshold. It’s not a large group, as startups that tend to cross the $100 million ARR mark are well on the path to going public.
Super proud to be working for a company that is realistically working towards this goal. So many companies look at valuation without taking into consideration sustainability.