Saastr · 9 September 2026 · Industry Analysis

What VCs Are Looking For Now: $25B+ Exits. The New “Decacorn”

Jason Lemkin, GP @ SaaStr

VCs now hunt $25B+ exits as the new standard, with 81 such companies existing globally. Fund math increasingly demands this threshold—a $3B fund needs four $25B exits to return 3x—reshaping Series A pitches and making smaller outcomes irrelevant to large capital pools.

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Topics: Venture Capital & Startups · AI (Horizontal)

Published by Saastr · their site ↗

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