Project 11 is a venture fund that no longer makes new investments and has general partners who now invest out of different funds.

Project 11

Andreessen Horowitz, also known as a16z, is a private American venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California and is known for investing in both early-stage start-ups and established growth companies across various industries.

Andreessen Horowitz

Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth. The firm focuses on seed, early, and growth-stage investments in technology sectors such as consumer, infrastructure, media, mobile, SaaS, security, customer care services, enterprise software, and e-commerce.

Jim Swartz

Subrata Mitra

Arthur Patterson

Prashanth Prakash

Accel

Asana, Inc., together with its subsidiaries, operates a work management platform for individuals, team leads, and executives in the United States and internationally. The company's platform enables teams to orchestrate work from daily tasks to cross-functional strategic initiatives; and manages product launches, marketing campaigns, and organization-wide goal settings. It serves customers in industries, such as technology, retail, education, non-profit, government, healthcare, media, and financial services. The company was formerly known as Smiley Abstractions, Inc. and changed its name to Asana, Inc. in July 2009. Asana, Inc. was incorporated in 2008 and is headquartered in San Francisco, California.

Metric
Company Name	Project 11	Andreessen Horowitz	Accel	Asana, Inc.
Symbol				ASAN
MSH ID	COM:PROJECT11	COM:A16Z	COM:ACCEL	COM:ASANA
Market	PRIVATE	PRIVATE	PRIVATE	STOCKS
Sector	Financial Services & Finance	Financial Services & Finance	Financial Services & Finance	Technology
Industry	Venture Capital	Venture Capital	Venture Capital and Private Equity	Software - Application
Country	US	US	US	US
Stage				Funding Round
Employee Count		652	1.13K	1.84K
Website	project11.com	a16z.com	accel.com	asana.com
LinkedIn		a16z	accel-vc	asana
Founders

Metric
Market Cap			3.01B
Enterprise Value
Monthly Web Traffic	424.21K	87.62K	58.19M
Web Traffic Growth	-0.16	-0.15	0.04
Valuation
Raised Capital

Metric
Revenue				652.50M
Revenue (LTM)
Revenue (NTM)
Gross Profit				588.53M
EBITDA				-246.39M
Operating Income				-260.74M
Net Income				-257.03M
EPS				-1.17
Diluted EPS				-1.17
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin				0.90
Operating Profit Margin				-0.40
EBITDA Margin				-0.38
Net Profit Margin				-0.38
Return on Equity				-0.77
Return on Assets				-0.27
Return on Capital Employed				-0.45

PROJ

COM:PROJECT11

Project 11

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio				-13.23
P/B Ratio				11.54
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio				5.51
EV Multiple				-9.82

Metric
Days Sales Outstanding				39.32
Days Payables Outstanding				58.48
Days Inventory Outstanding				0.00
Operating Cycle				54.15
Cash Conversion Cycle				10.34
Asset Turnover				0.73

Metric
Operating Cash Flow				-17.93M
Free Cash Flow				-31.09M
Cash Flow to Debt				-0.08
Operating Cash Flow/Sales				-0.01
Free Cash Flow Yield				-0.01

Metric
Cash & Equivalents				236.66M
Accounts Receivable				-9.53M
Inventory				1
Goodwill
Debt to Capitalization				0.18
Debt to Assets				0.30
Current Ratio				1.88
Quick Ratio				1.66

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue				0.32
R&D to Revenue				0.51
SG&A to Revenue				0.26