As the world increasingly moves towards a subscription-based model, it’s important for businesses to understand how to properly account for their SaaS products. This article will cover the basics of accounting for SaaS companies, including revenue recognition, deferred revenue, and…
Beginning in 2023, Lloyd’s of London will require its members to exclude catastrophic, state-based cyber attacks from its cyber insurance policies. This is controversial and will cause many problems from day one. Undoubtedly, there will be a lot of litigation over…
A cyber risk score is a numerical representation of a SaaS company’s risk of suffering a data breach. It is calculated using a variety of factors, including the type and number of sensitive data stored, the level of security measures…
As SaaS companies increasingly become the target of cyber attacks, it is essential for them to properly assess their cyber risk. There are a number of factors to consider when assessing cyber risk, including the type of data being stored,…
A tail policy is one of the most important risk management tools for a SaaS company approaching an exit. Every founder’s mission is pretty much the same: gain some early traction, scale rapidly, and seize an exit opportunity. Unicorns are…
This is a situation that is familiar to almost any SaaS company — an employee lawsuit. Whether real or perceived, sexual harassment, discrimination, wage, overtime, and wrongful termination are all situations that may cause a lawsuit. According to Hiscox, the…
Business insurance for SaaS companies helps founders protect their investors, clients, employees, property, and the company from liability and lawsuits as their SaaS expands. What type of insurance do you need, when, and why? The following list covers the most…
A D&O claim can cost your SaaS company millions, or even tens of millions of dollars in damages. A recent report by the trade journal Business Insurance indicates that D&O claims are becoming more and more prevalent. When leading a SaaS…
It’s crucial to have everything in order before you begin a Series A funding round. Whether you’re picking VCs or creating the perfect pitch deck, being prepared is necessary. When it comes to the term sheet, however, your negotiating abilities…