An Emergence investor explains that while team and market matter most, the firm's best portfolio companies hit 3-5x annual growth. Founders need to show either a path to that rate or a credible reason they can't reach it yet.
Chapters
But especially if I'm a first-timer figuring out, if I'm at $1 million in revenue, or pick two numbers if you want, $5 million, because Emergence does a couple stages, everyone does, how fast do I have to be growing? I know I'm trying to make something quantitative that's a little qualitative, but if I'm growing 6% month over month, I'm not gonna get a second meeting at Emergence at $1 million ARR, am I?
[Speaker] You know, it's very hard to give you a specific quantitative answer there because there's so much of it is the magic of the team. And the market opportunity. But, you know, we're— so our best companies right now are growing at rates of 3 to 5x, you know, per year, right? So if you aren't demonstrating that, there better be a reason why you can't— you can get there at some point, right?