THE BAR TODAY FOR A SERIES B

Summary from the TLDR Founders newsletter

Data from 10,755 US startups shows only 40-50% of Series A companies eventually reach Series B, and it takes 2-3 years on average. The bar has gotten higher since 2021 - SaaS companies now need $4-8M ARR (up from $2-4M), 2-3x growth, and clear paths to profitability. Most founders underestimate the timeline and run out of money. The good news is recent cohorts show "signs of life," with graduation rates creeping back up.