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Software as a Service (SaaS) businesses have commanded unprecedented attention in recent years. The glamorized business model has produced many winners, thanks to its high margins and recurring, predictable revenue. Pair that with the flurry of SaaS businesses that have hockey-stick growth and you get businesses trading at 10x revenue.
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What you need to know: Inspired by faith and minimalist design, a pair of Christian millennials launched Alabaster, a photography-focused Bible publishing company. Early investment capital came from Daniel Fong, founder of $70m furniture business Million Dollar Baby.
Brian Scudamore is a man who believes in human connection before technology, so it’s no wonder he founded a company that has a heavy dose of both.
While an often forgotten business, there are hundreds of business trade shows that have huge revenues and profit margins (30% to 50%) that rival even the biggest software startups.
In the summer of 2016, Andrew Dudum learned that the patent on one of the most profitable drugs in history was set to expire the following year. At the same time, many states were loosening telemedicine laws, allowing doctors to prescribe pharmaceuticals online.
The famous startup investor Paul Graham once said he could tell who was a winner with one simple question: Could you describe the person as an animal?