Maze
+2%
est. 2Y upside i
Product discovery and user research platform for product teams
Rank
#2364
Sector
SaaS
Est. Liquidity
~5Y
Data Quality
Data: LowCautious outlook: Equity upside over 2 years is marginal (~2% expected) due to low entry confidence, high preference overhang, and intense competition.
Last updated: July 3, 2026
IPO window opens or AI-driven category leadership boosts multiple to 10x. Projected 24mo revenue $29.2M implies exit $292M, net of dilution.
Multiple converges to 7x midpoint of comp range. Exit $204M after 20% dilution haircut.
Multiple compresses to 4x; exit $117M. After preference stack ($60M), common recovers $57M, a 53% loss vs entry, plus dilution.
Preference Stack Risk
severeFunding Intensity
294%Total funding of $60M represents 50% of estimated entry valuation, giving preferred a large liquidation cushion.
Dilution Risk
highLast round was 4 years ago; likely capital needs may cause 15-25% dilution in a new round.
Secondary Liquidity
noneNo secondary market observed; no secondary implied valuation available.
Questions to Ask at the Interview
Strategic questions based on Maze's data — designed to show you've done your homework.
- 1
“How does Maze plan to defend against Figma's potential native testing tools and the merged UserTesting/UserZoom?”
- 2
“What are the unit economics (LTV/CAC) and retention rates that underpin your growth?”
- 3
“Given the 2022 round, when does the company expect to raise again and at what valuation?”
Community
Valuation Sentiment
Our model estimates +2% upside. What do you think?
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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.