Fun fact for SMBTech investors:
$BILL valuation at IPO in 2019: ≈$1.6B
$BILL valuation today: ≈$12B (-60% 1 yr)
$BILL '19 revenue: $108M
$BILL '25 est revenue (GS): $1.9B
SMB TAMs are much much bigger than most people realize 😊
Everyone knows that there are huge TAMs in SMB but customer acquisition costs are so high. How has http://Bill.com innovated here and profitably acquired customers?