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SurveyMonkey S-1

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31–40 of 58 posts

Re: SurveyMonkey S-1

#31
post #23

These financials don't look great. They earned $219M last year and $205M the year before. That's a top-line revenue growth rate of around 6% -- more common for an old-line company like IBM. SaaS startups are supposed to have revenue growth >30% when they hit IPO, and the best ones have even higher -- Twilio had ~70%.

Interesting. I thought start ups are commonly not in profit

Revenue !== profit. One would expect revenue to be growing at a steady clip with profit coming later when costs are decreased

Re: SurveyMonkey S-1

#32
post #23

These financials don't look great. They earned $219M last year and $205M the year before. That's a top-line revenue growth rate of around 6% -- more common for an old-line company like IBM. SaaS startups are supposed to have revenue growth >30% when they hit IPO, and the best ones have even higher -- Twilio had ~70%.

Interesting. I thought start ups are commonly not in profit

Revenue does not imply profits.

Re: SurveyMonkey S-1

#33
post #29
post #22

Longtime SurveyMonkey customer here, but, I have largely switched to SurveyGizmo and Qualtrics. 2 primary reasons: 1. I work with Panel Providers, and their Quota tools and panel integration tools are just a bit clumsier. They don't really have Data Quality checks, they don't have cross-logic quotas, they don't have a kind of survey flow tools. 2. Analysis stack: They are currently chasing analysis in a rather frustr…

I wasn't sure if you were saying SurveyMonkey is missing SPSS export - it supports exporting to SPSS AFAIK. Is it that the export is missing data or features for your needs?

It has them - the features for naming every individual choice, specifying labels, and otherwise tweaking that output in SurveyGizmo are much stronger. This isn't a dealbreaker, but makes archiving past analysis, reports, and data files easier and more descriptive than e.g. "Q1_2". It also makes it a bit nicer if you don't have to do the renaming downstream, since it just avoids another step where you can introduce errors. SurveyGizmo also has some features specifically for R, though I haven't used R yet.

Long term, the whole survey industry should probably move away from SPSS to something fully open source, with a file type that is truly standard that can be read into all the different systems.

PS - I know that there are APIs for individual questions, data, etc. But, as an analyst first and programmer much much later on my list, I find them too complex to really be worth it. A lot of survey analysis is one-off.

I'd love a pandas/numpy/python call that just looked like:

get_survey_as_dataframe (surveyID, API_key, any other stuff).

Re: SurveyMonkey S-1

#34
post #23

These financials don't look great. They earned $219M last year and $205M the year before. That's a top-line revenue growth rate of around 6% -- more common for an old-line company like IBM. SaaS startups are supposed to have revenue growth >30% when they hit IPO, and the best ones have even higher -- Twilio had ~70%.

Interesting. I thought start ups are commonly not in profit

The OP is using "earned" in the colloquial sense to refer to revenue. Earning before interest and tax (EBIT) were a loss of $35 million in 2016 and a loss of $21 million in 2017

Re: SurveyMonkey S-1

#35

take a look at their VC history, could one assume the BAC, JPs, TRowes needed this exit soon? https://www.crunchbase.com/organization/surveymonkey

It's a pretty great time to exit if you're ever going to. The stock market is going gangbusters, most valuations are on the ceiling. If they can't fetch top dollar for their business in this environment, they never will. It would suck to wait 18 months because you tried to time it higher, have the market sink into a bear, and then be stuck with either staying private for many years waiting for the next wave, or pushing an IPO in a very poor environment.

Re: SurveyMonkey S-1

#36
post #5

Earlier quoted context omitted.

Does it also surprise you that DocuSign is a company worth over $10B?

I was originally going to say "man that's wild", then I realized all the documents I've signed electronically lately have been through DocuSign and maybe 10B is actually undervalued.

I haven't been forced to use DocuSign for a few years, but there ux was complete shit. I would rather go to an office and physically sign something than deal with their crappy interface.

Re: SurveyMonkey S-1

#38
post #9
post #2

edit: Disregard, can't ask an honest question on HN. Understood.

I can think of about a dozen organizations who collectively spend 10x this on tools like Cognos, PowerBI and Tableau. Easily 90% of their use cases could be fulfilled by excel. Solutions cost money.

Excel isn't scalable, repeatable, auditable and so on.

Re: SurveyMonkey S-1

#39
post #22

Longtime SurveyMonkey customer here, but, I have largely switched to SurveyGizmo and Qualtrics. 2 primary reasons: 1. I work with Panel Providers, and their Quota tools and panel integration tools are just a bit clumsier. They don't really have Data Quality checks, they don't have cross-logic quotas, they don't have a kind of survey flow tools. 2. Analysis stack: They are currently chasing analysis in a rather frustr…

What is a panel provider?

Re: SurveyMonkey S-1

#40
post #23

These financials don't look great. They earned $219M last year and $205M the year before. That's a top-line revenue growth rate of around 6% -- more common for an old-line company like IBM. SaaS startups are supposed to have revenue growth >30% when they hit IPO, and the best ones have even higher -- Twilio had ~70%.

Interesting. I thought start ups are commonly not in profit

It was founded in 1999 (https://en.wikipedia.org/wiki/SurveyMonkey).

It's not a Startup, it's a 19 year old company providing Internet based service.

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