Entrepreneurs are invited to the 379th FREE online 1Mby1M mentoring roundtable on Thursday, December 21, 2017, at 8 a.m. PST/11 a.m. EST/9:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
We have been watching the Unicorn phenomena very closely over the past few years, as you can see in my series Billion Dollar Unicorns and From Unicorn To Unicorpse. Entrepreneurs looking for some genuine inspiration and advice from startup founders who have built their businesses up to Unicorn levels should have a listen to the following 30-minute podcast interviews. As the name suggests, Unicorns are rare, but they do exist.
Amit Gupta, Co-Founder of InMobi, knowing my aversion to ‘Valuation Without Revenue’ Unicorns, starts off by telling us that InMobi’s valuation is firmly anchored in revenues. He goes on to discuss InMobi’s strategy for going global, and highlights the unorthodox nature of the journey.
Daniel Cane, CEO and Co-founder of Modernizing Medicine, has followed a unique and tremendously effective strategy of raising equity crowdfunding from his customers, about 100 of them, and reflects on how well it has worked for him.
Anirudh Suri, Founding Partner at India Internet Fund, about the funding trends in the Indian startup market.
According to an IDC report published earlier this year, the global Big Data Analytics market is forecast to grow from $130.1 billion in 2016 to over $203 billion in 2020, translating to an annualized growth rate of 11.7%. Billion Dollar Unicorn club member Splunk (NASDAQ: SPLK) is benefitting from this rapid growth.
Sramana Mitra: Can you talk a little bit about how your investors are viewing the scale potential of your company given the business model that you’ve chosen. What are the discussions that you have with your investors regarding scale?
Clark Benson: I need to explain something else to clarify that. Almost every other Internet publisher that were at our scale has raised 5 to 20 times what we’ve raised. We have a couple of other assets. Two assets that are not a core part of our business are over a hundred thousand definitive rankings of topics. >>>
During this week’s roundtable, we had as our guest Ken Elefant, Managing Director at Sorenson Capital, who discussed at length the investment thesis of his firm.
First, Elena Avramenko from Amsterdam, The Netherlands, pitched OkiDoki, a Slack-like app for family collaboration.
Next, Jason Wisdom, New York, New York, pitched Aponia Data, a risk management application for enterprise and mid-market clients in Financial Services.
The highest valued Billion Dollar Unicorn Uber recently approved SoftBank’s offer to invest $10 billion in a package deal that values it at a tiered valuation of $48 billion and $68.5 billion. SoftBank this year has invested over $25 billion in companies all over the world through its $98 billion Vision Fund, the largest tech fund ever.
Today’s 378th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, December 14, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!