Sramana Mitra: The counterpoint to that is entrepreneurship is happening at a much larger scale. It has become cool to be entrepreneurs. When we were starting out in the mid-90’s, it wasn’t cool. It was cool to go work for somebody else. If you drop out of MIT or Stanford to start a company, that’s a badge of honor. That’s nothing to apologize for. If you choose to go back, fine. If you don’t choose to go back, no problem.
It has become standard fare in a career choice. As a result, the level of experimentation around the world has exploded, which brings us to our next question. NEA actually had a global agenda for a long time now. Of course, 1Mby1M is a global program. What is your view of entrepreneurship on a global scale? What are you thinking? What is NEA thinking in terms of leveraging that opportunity and working with entrepreneurs around the world? >>>
According to Persistence Market Research, the global corporate performance management (CPM) market is expected to grow to $3.6 billion in 2022 at a CAGR of 5% with the cloud segment at $0.97 billion. Adaptive Insights is a leading player in the cloud-based corporate performance management solutions market. >>>
Janine has built a $5M a year bootstrapped business in the realm of legal training for employment and workplace issues. A core part of her expertise is in sexual harassment and related concerns that are currently hot topics in the industry. This is a must-read interview for those following the discussion in the media.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Janine Yancey: I’m from Los Angeles, but then I was educated in Berkeley and then at Hastings College of Law, which is in >>>
According to Re:Create Coalition, 14.8 million people used platforms like Amazon Publishing, eBay, Etsy, Instagram, Shapeways, Tumblr, Twitch, WordPress, and YouTube to earn approximately $5.9 billion in 2016. For this week’s posts, click on the paragraph links. >>>
Scott Sandell: Just to be clear, I have been fortunate enough to have invested in and been a part of a number of unicorn companies. Not all of them were bootstrapped companies. I don’t think of that as an essential ingredient at all. What’s interesting is to think about why bootstrapping is a valuable discipline and why some of the companies have chosen to bootstrap and what it did for them.
I think the first and most fundamental thing is that it establishes an entrepreneur’s commitment to what they’re doing. If you invest your own capital or you take a lower salary, you become much more committed to making that company successful than if you just start off by taking somebody else’s money which, to some people, seems like a casual activity. I don’t mean to make light >>>
Sramana Mitra: You also mentioned that even just in LA there are hundreds, if not thousands, of boutique agencies nowadays that are competing for the same dollars and are becoming much more open to experimenting and spreading the dollars across those different smaller agencies. How do you keep track? What’s your process of keeping an eye on who’s doing what and what’s interesting?
John Deschner: The awards shows used to be the best place. You went to Cannes and you saw the best in advertising and marketing in the world. If somebody made a dent there, you should probably keep an eye on him. That’s a less reliable way now >>>
Sramana Mitra: For those of you who don’t know the history of WebEx, the company went public and was eventually acquired by Cisco. It was a very successful story. It was one of the first two cloud companies in the history of the business. I want to get to Salesforce, but let me actually first get to Tableau because it’s a more contemporary company.
I’ve written about Tableau quite a lot recently. My understanding of Tableau was by the time they came to NEA for their funding, the company not only had customers and revenues, but it also had done an interesting OEM deal with Hyperion. Tell us a bit about what you saw in Tableau. It seems like an incredibly capital efficient company that generated immense return on investment. >>>
Sramana Mitra: Coming back to the micro, I want to probe two topics. One is your internal innovation strategy. The other is your external innovation strategy. Let’s start with internal strategy. I’ll explain to you what I’m looking to understand based on what you said so far. There’s all this stuff going on.
There are different platforms and ad units. Even within the platform, there are different types of ways you can engage with the audience. There is a tremendous opportunity for creativity and innovation using technology and designing interactive programs within your technology constrains. >>>