4 ms·
The slide that helped them get an $865M valuation: https://image.slidesharecdn.com/v1-classified-141218103325-conversion-gate01/95/mixpanel-our-pitch-deck-that-
by todd3834 12y ago
The slide that helped them get an $865M valuation: https://image.slidesharecdn.com/v1-classified-141218103325-conversion-gate01/95/mixpanel-our-pitch-deck-that-we-used-to-raise-65m-7-1024.jpg?cb=1418921966 https://image.slidesharecdn.com/v1-classified-141218103325-c...
- suhail 12y agoThat slide looked very similar 2, 3, and 4 years ago. It was not enough, many people still passed on us. Raising any amount of capital (in part due to the risk at each stage) is more complex than showing a single graph.
- mchusma 12y agoYes but executing at a high pace for 2, 3, or 4 more years dramatically changes one's opinion of the company and its opportunity to reach scale. If you've grown MRR from $10k to $100k, that still doesn't answer the "will it scale" question. If you've grown MRR from $500k to $5M, totally different story. Good work keeping up momentum!
- suhail 12y agopmarca: if you're reading this, feel free to chime in ;)
- pmarca 12y agoOn this topic, Mixpanel at this stage is the magic blend of: * Track record of consistently impressive revenue growth. * Impressive current level of revenue. * Comprehensive plan and organization in place to continue growing revenue. * Large and expanding market. * And bonus points, doing all that while simultaneously generating vs burning cash!
- pmarca 12y agoYes, exactly so.
- sparkzilla 12y agoYes. All the rest is fluff. If you have strong traction you don't need a good presentation. I think that was one of Sam Altman's rules of startups that was on here recently.
- defen 12y agoBetween that slide and some easily-googleable numbers about their 2012 revenue, it's not too difficult to come up with a reasonable guess about the values on the Y-axis (assuming a linear scale)