On the aSaaSins 'Money Morning Quarterback' segment, our host Justin Vandehey breaks down the companies that raised their Seed, Series A, or Series B round of funding the prior week.
This week, Justin plays 'Money Morning Quarterback' with Arena, a platform that helps large enterprises make high frequency decisions (like pricing and inventory) fully autonomously. He unpacks their $32M Series A round and analyzes the market opportunity in the Big Data and Business Analytics space.
"I have a prediction with 100% in 10 years you're going to have a billion dollar ARR company emerge out of this category"
The Zero to One phase is the hardest stage because you're having to convince people to use a new product from a new company. And on top of that LaunchDarkly at the time was also a process change, and people weren't really used to continuous delivery.