Supposed to? I dunno, 6% is respectable and if I were an investor, it sounds like a safe bet. Unlike 30-70%, that just tells me they've been dedicating resources on growth, probably using backhanded techniques, instead of their product and profitability.
Plus as another commenter pointed out, it's not a startup, it's nearly two decades old now. What were their growth rates 20 years ago?
True, but after 20 years, shouldn't they have figured out a way to take in more money than they spend?
Re:SurveyMonkey S-1
by InterestBazinga on Wednesday August 29, 2018 @07:09PM
(#17872870)
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.
Re:SurveyMonkey S-1
by davidstoker on Wednesday August 29, 2018 @07:14PM
(#17872894)
Revenue !== profit. One would expect revenue to be growing at a steady clip with profit coming later when costs are decreased
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%.