Was Afterpay the deal that turned Square into Block (😉)? $SQ is down almost 80% since the acquisition was announced.
According to Bessemer data, this puts Canva at the top of the premier league of Cloud unicorns.
And certainly, top of its ‘design and collaboration’ category in the private markets.
I may even be prepared to give this performance a free pass. Maybe!
Per Sacra, the growth in monthly users is reported to be generating annualized revenues of US$2.3bn in current calendar year.
Numbers in green extracted from press reports. Numbers in yellow (or boxed in black) = 🐿️ illustrative assumptions.
Everyone is familiar with Adobe’s regular ‘Acrobat Reader’ logo. The Rainbow colored one in the middle is the logo for Adobe Express - a product pitched directly at Canva’s target market.
It may take a while to get used to it (and the functionality may not be perfect) but given that there is absolutely no way that I am ditching Word, Excel and PowerPoint, am I really going to rack up another SaaS subscription to mockup the occasional banner ad or social media post for Blind Squirrel Macro?
Canva’s user base is dominated by schools, non-profits and other organizations with an incentive to make do with PowerPoint and Google Docs if they no longer get it for free from the company.
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Pod: SaaS Unicorns 'X' Glue Factory?
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Blind Squirrel Macro - The Pod
Macro for Civilians. Sharing successes and failures in the 30-year hunt for acorns in the markets. Finance observations are hit and miss.
Macro for Civilians. Sharing successes and failures in the 30-year hunt for acorns in the markets. Finance observations are hit and miss.
Pod: SaaS Unicorns 'X' Glue Factory?