As we come to the end of our 13th year (the Bar Mitzvah was quite a party!), we reflect on the things we’ve learned during our journey and the perspective we’ve gained with age. As we enter adulthood, we’re reminded that in technology investing – as in life – some things change (the stock market is setting new highs) and some things stay the same (the Knicks stink).
Change for us this year has been adding 3 new companies to our family (Workfront, RCA, Duda), 8 new professionals to our team, and expanding our office in the booming metropolis of Bala Cynwyd. Our 32 portfolio companies made a total of 12 acquisitions and employ over 10,000 people. They grew to over $3 billion in combined revenue, serving over 25,000 customers. They launched countless new products, confronted zillions of challenges and drove incredible amounts of productivity. Lots and lots of change.
But a heck of a lot stayed the same. We stayed focused on investing in software, information, and internet marketplace businesses. We returned to New Paltz, New York for our company retreat (picture below). We once again gathered up all of our entrepreneurs for two amazing summits. We re-invested in several of our existing companies, including Credit Karma where we originally invested in 2013, and in HighRadius, which was officially tagged a unicorn. Our company iContracts was acquired by RLDatix and we will also be announcing another sale shortly! And finally, we remain a team committed to defining the category of flexible and truly patient growth equity investing.
As we enter the third decade of this amazing millennium, we pause to thank those who have trusted us to become part of their winding roads of ups, downs and sideways. There is a lot we can’t predict about 2020, but something we know for sure is that we will see lots of change, the Knicks will still stink, and we will continue to chase incredible entrepreneurs.
– The Susquehanna Growth Equity Team
