n one recent example, low-code startup Retool, which helps companies quickly and cheaply build internal software tools, attracted top-tier investors who bid for a round that ended up valuing the quickly-growing company at close to $1 billion. Sequoia Capital won the deal, leading the Series B. Despite its fast growth and high valuation, Retool’s annualized revenue run rate at the time of funding in October was between $5 million to $10 million
Diligence cycles have become much more compressed," Coelius said. "You don’t have time to dilly-dally anymore. It’s 24- to 48-hour decision cycles. You have to have done your diligence beforehand
A lot of stuff about fast growing and revenue…Profit…What’s that.