tomtunguz.com · 2024-09-16 · 626d

2024 Theory Ventures Go-to-Market Survey: Optimism Rises Amid Changing Market Dynamics

The 2024 Theory Ventures Go-to-Market Survey reveals rising founder optimism despite economic headwinds, with founders expecting stable fundraising valuations and Series A rounds increasing 40% over four years. Key findings show sales cycles lengthening by 13%, sales quotas rising 14% year-over-year, and lead conversion rates improving 9%, while 73% of companies report AI adoption in sales and marketing without yet seeing statistically significant productivity gains.

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Metrics in this report

AI Adoption in Sales & Marketing

73percent

average

Survey respondents deploying AI tools

Federal Reserve Rate Increase

550basis_points

total

Rate increases since 2020, impact on cost of capital

Founder Optimism Score

6.7score

average

2024 SaaS founders, compared to 6.1 in 2022

Perceived AI Productivity Gains

25-75percent

range

Perceived vs. actual productivity improvement gap

Sales Cycle Length Increase

13percent

average

Year-over-year increase in SaaS GTM

Sales Qualified Lead Conversion Rate Increase

9percent

average

Typical company improvement in lead conversion

Sales Quota Increase

14percent

average

Year-over-year quota growth vs. 3.4% inflation

Series A Round Size Growth

40percent

average

4-year change from 2020 to 2024