AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Notion valuation9/12/2023 ![]() ![]() It achieved unicorn status in 2020 and has grown more since. Thanks to its $10 billion valuation, Notion has joined the unicorn club. Notion is still a privately held startup showing a ton of promise. Notion has made a few company purchases since inception but does not appear interested in being sold at this time. It was founded in 2013 by a team wanting to blend everyday work apps into an all-in-one workspace. Neither Microsoft nor Google owns even a piece of Notion software. Teens and young adults seemingly can’t get enough of the software, even though they weren’t the original target audience. It didn’t hurt that Notion became a hit on TikTok, either. Key acquisitions allow Notion to stay fresh and add new project management tools into the mix. The company is making a lot of strategic plays as well. Launched only four years ago, Notion 2.0 already has more than 30 million users. The all-in-one workplace has caught the eye of people and businesses alike. We can’t ignore the fact that Notion simply created a successful product. Its current valuation sits higher than $10 billion. Notion has seen incredible success in its short time under the sun. This is a $10 million jump from 2021 and $30 million more than 2020 numbers. Word on the street is revenue for 2022 is over $43.5 million. ![]() The crew at Notion have already tweaked these price points a few times since launch, driving profits further. With over 30 million users, you can bet that at least some have signed up for a paid subscription. To compensate, Notion has three paid service tiers with increasing levels of task management tools. Is Notion Making Profit?įolks can start with Notion’s free plan, but the limited feature set will only get someone so far. It works on most web browsers and runs off Android and iOS devices. Notion has a lot of flexibility on the outside as well. The software is an all-in-one workspace where teams can capture all their thoughts in one convenient location.Ĭompanies can use Notion to organize information, take notes, and plan the next big breakthrough. To date, Notion has over 30 million users. 07 percent of venture-backed consumer and enterprise software startups.By the time Notion 2.0 dropped in 2018, the product was already becoming a hit. We found 39 companies belong to what we call the “Unicorn Club” (by our definition, U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors).If we turn the clocks back to 2013, when Aileen Lee wrote the post inventing the term, there were fewer unicorns being created than there are decacorns today - in a nutshell, that’s how the startup game has changed in the last eight or nine years. “Unicorn” has lost its heft thanks to massive rarity dilution. I am not the first person to noodle on this point: Dan Primack decided to call the group of startups worth $10 billion or more “dragons” earlier this year Crunchbase News has a great riff on decacorns here from earlier this week that we’ll cite again shortly and the term “decacorn” is simply not new. What about a $10 billion deciding line? Would that be a useful filter to apply to the startup masses, allowing us to filter out the “must pay attention tos” from the “companies heating up” and the “potential but few material results yets”? Yes, but only because there really isn’t a better option. It was once an indicator of a startup demonstrating abnormal success, the marker of a positive outlier to a degree that the company in question deserved the boosterish sobriquet.īut now, with 907 unicorns out there, the term really just means “startup that should have its shit together.” Which is less useful. The $1 billion unicorn term has lost most of its meaning. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. The Exchange explores startups, markets and money. But with venture capitalists and crossover investors turning an ever-increasing number of less mature startups into unicorns, that demarcation line has lost its rigidity. In the past, we might have said that once a private-market company earns a $1 billion valuation, it is no longer a startup. What is a startup? It’s a question so picked over at this point that it feels like the only answer is it depends. ![]()
0 Comments
Read More
Leave a Reply. |