Battery Ventures’ early-stage startup benchmarks

Battery Ventures’ OpenCloud 2023 report has some interesting benchmarks for startups. Nothing completely new, but data points on e.g. ARR Growth, cost ratios for Sales & Marketing, Research & Development and General & Administrative as well as Magic Number and Burn Ratio.

Author: Henrik Torstensson

Partner at Alliance VC. Investing in Nordic early-stage tech startups.

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