What VCs Are Hunting Today: $100B in 10 Years

According to SaaStr's Jason Lemkin, venture capital's appetite for scale has fundamentally shifted. When Lemkin was founding in the B2B software era, a one billion dollar exit seemed extraordinary—Salesforce was valued at two billion when he started, and the first wave of SaaS IPOs like Box, HubSpot, and Zendesk landed around one billion each. Today, that era seems quaint. The new standard? One hundred billion dollars in ten years. It reflects a complete recalibration of what investors believe software companies can achieve.

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