1528: Software ScaleUp's Impact on Job Creation and Economy

Insight Partners recently released a report highlighting the resilience of software ScaleUps and research around how software ScaleUps, graduates of startups, are catalyzing economic growth and fueling job creation amid widespread economic hardship.

The report surveyed 300 global software leaders on scaling and the factors enabling rapid business growth. Lonne Jaffe, Managing Director at Insight Partners, joins me on Tech Talks Daily to discuss the report findings.

I learn how the the majority (71%) of software leaders are highly focused on scaling, with most expecting to scale within 3–5 years – showing continued plans to prioritize growth iIn the near future. Elsewhere four in five (80%) Scaling Focused companies forecast that their investment in scaling activity will increase through 2021.

ScaleUps displayed their resilience through quick pivots amid the pandemic, shifting to policies aimed at securing revenues. Most ScaleUps introduced concession strategies to retain customers (55%), and nearly half (48%) made premium product features free to all users during the pandemic.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

Insight's mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on software expertise to foster long-term success. Across its people and its portfolio, Insight encourages a culture around a belief that ScaleUp companies and growth create opportunity for all.