ServiceTitan, a leading software platform for the home service industry, recently celebrated its initial public offering (IPO) milestone with a post-money valuation of $9 billion. This valuation significantly exceeds the projections made in Bessemer Venture Partners' Series A investment memo from 2015, which estimated a home run scenario at a $1.2 billion exit with a 5% probability. The company went public last week, achieving a valuation 7.5 times higher than the initial forecast. Bessemer's investment memo has drawn attention for its insights into the company's growth trajectory and the broader implications for category-leading companies that redefine market possibilities.