Honestly, this comic strip is based verbatim on my personal experience!
As you know, I anchor the 1M/1M Free Mentoring Roundtables weekly. After close to 225 sessions, I am astounded at the level of unrealistic expectations and pipe dreams that entrepreneurs come to us with. Still.
Just last week, at our 223rd roundtable, we had an entrepreneur called Madhu Kodali from Hyderabad, India pitch Project Recuerdos, a concept for preserving memories gathered from all kinds of digital sources. Madhu expects seed money to get his project started. Unfortunately, investors don’t fund concepts. You can listen to Madhu’s pitch and the ensuing mentoring discussion in this video [25:35-35:30].
There aren’t many sub $100 million technology companies that can boast of a strong patent portfolio. Cleversafe is that rare exception, and hence, a tremendously valuable company with robust revenue growth in a $20 billion market.
Sramana: Chris, let’s start with your background. Where are you from? What is the genesis of your entrepreneurial journey?
Chris Gladwin: I was born and raised in Ohio. Like you, I went to MIT, which was transformative for me. It opened my eyes with respect to technology and technology-based businesses. That led to me becoming a technology entrepreneur. >>>
Sramana Mitra: Whom do you consider as your competitor? It sounds like there are competitors in each of those buckets as well as perhaps competitors who offer all of those.
Peter Bauer: That’s absolutely right. Most of the solutions were designed when computing was largely a LAN-based activity and companies were running things themselves. Some of the bigger players are companies like Symantec and Barracuda. There’re products from HP Autonomy as well. While these companies are quite big and they may offer solutions in each of these areas, each of those products are different in two different important ways. One is they are disparate products. They’re not integrated. >>>
Dmitri Williams: It took that Jujitsu lateral thinking to think that their relationship is more important than my relationship with them. That’s a lot of the evangelization that we have to do. We are very early in this process and we have a lot of theory and some early best practice but we don’t know if that thinking works well in healthcare.
Sramana Mitra: Also I think that, sector by sector, the action items are different. Just like you gave the example of the coffee shop, once you understand the social graph, the action items of what you do with that understanding varies from business to business or sector to sector.
According to an eMarketer report, mobile advertising in the US increased 121% over the year in 2013. Compare this with the desktop advertising market growth, which reported a comparatively modest 2.3% growth in 2013. eMarketer projects that desktop advertising will decline 9.4% in 2014 compared with an 82.3% increase in mobile advertising.
Sramana: How have you structured your technology to support these various use cases?
Krishna Kumar: Our app building platform lets you build apps quickly for these various conditions. We use an agent-based model. That is a cool way of predicting human response conditions. We are mimicking the human intelligence response to different conditions and using that model in a fast forward basis to come up with a set of analytical dashboards 20 years into the future. That information is being used by planning engineers and management to manage their portfolio in a forward leaning fashion. >>>
We don’t often see significant global cloud technology companies being built out of London. Mimecast is an exception and is likely to go public in the near term. This conversation highlights the activities of a major player in the cloud-based enterprise email system space.
Sramana Mitra: Let’s start by introducing our audience to Mimecast and yourself.
Peter Bauer: I’m the CEO and co-founder of Mimecast. I’m originally from South Africa but moved to the UK in 2002. I set up Mimecast, which is headquartered in London, with my co-founder who is also a South African. The business today has grown to an >>>
Sramana Mitra: What about stuff like Facebook pages, LinkedIn connections, and Facebook followers? Are those part of the system?
Dmitri Williams: Yes. Anything that our API collects is fair game here. You could, for example, have a system with multiple types of edges and connections and we have to think through that carefully, deal with it, and automate it. Any time we can link two people together, we’re happy. When we have more than one type, it leads to better model accuracy.
Where most newspaper and traditional media companies have struggled, few of the players who have adapted themselves to the Web have found a lucrative business model. One such company is New York-based Vice Media which is cashing in on online, and specifically, video streaming content to become one of the leading players in the space.