Samsara IPO breakdown — the continuous cycle of an entrepreneur’s journey

The Wheel Of Life — the Buddhist visualization of the Samsara
Source: State of the IoT 2020
Source: Samsara website
Source: Samsara S-1 IPO Prospectus
Source: S-1

“It was amazing to watch the founders grow into leaders”.

To put this phrase in context, he has led investments in companies including ServiceNow (market cap of $134 billion as of Nov/21), RingCentral ($21b), Nubank (targeting $50b IPO in late 2021) and others.

Source: Samsara website
Source: S-1
Source: S-1
Source: Jamin Ball
  1. The fast improvement in gross margins (dark blue below) increased from high 50s to lower 70s in only two years. One explanation may be that the company attained significant economies of scale in building hardware to serve larger contracts, and the second may be a factor of economies of scope to manage, operate and host their cloud services.
Source: S-1
Source: S-1 and author’s analysis
Source: author’s analysis
Source: author’s analysis
Source: IPO Prospectus; author’s analysis

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