This content was created by Jason M. Lemkin. This content was uploaded by Jason M. Lemkin. This is a YouTube video titled "HubSpot's Billion-Dollar Journey: From IPO to Success" created on January 6, 2025. It features a conversation between Jason M. Lemkin and another speaker discussing the early days of HubSpot, its IPO, and its growth to a billion-dollar company.
It's hard to see it sometimes, isn't it? Did you always know that HubSpot.
Honestly, I didn't think it would get I. We did when we started HubSpot. I'll tell you a funny story about HubSpot. I remember the day of the ipo. We're on the floor. Yes. And ringing the bell on the whole thing. Really good. Everyone's fired up. And my co founder Dharmes ran over with his phone. Picked the phone up and he had the stock out and.
He look, house.
Runs worth a billion dollars. And I remember.
I said take the.
Screenshot and never see that again.
I would also just say when we.
Were starting it back in 2006 for classmates, what were the odds would create a company worth 30 something billion dollars? I would have put the odds very low. And a lot of stuff had to go right to get there.
Yeah. And the industry.
Really came together. I don't know what Salesforce market cap was in 2006. It was nowhere closed.
I didn't know what it was.
What was it?
Because it was in my investor deck when I raised my seed round. Two billion.
Yeah.
I wrote my comps on my comp slide. My comps are Efax, which is now a different company, 800 million and Salesforce, 2 billion. I said we could do almost as good as Salesforce and we can certainly do any signatures. We could do better than a fax service. So I said this is my VC pitch. $2 billion. Hard to imagine HubSpot could be worth more right back then if Your comp is 2 billion. Right.
