Ride-sharing app Uber appears to excel in how to be in the news for all the wrong reasons. Earlier this year, the company was accused of turning a blind eye to sexual harassment in the office. Later on, there was a viral video showing its CEO Travis Kalanick berating an Uber driver. Then, this week, it landed in more trouble when it was sued over one of its app features that tracks drivers. But despite the negative publicity, Uber continues to remain one of the highest valued privately held companies and the market continues to await its IPO.
According to Gartner, 8.4 billion connected things will be in use worldwide in 2017 and will reach 20.4 billion by 2020. This explosion in the number of connected devices is also multiplying the potential for cyber-attacks.
Toronto, Canada-based RANK Software provides a security analytics platform called Virtual Advisor to Security Analysts (VASA) that leverages Machine Learning and Artificial Intelligence for cyber security solutions. >>>
Sramana Mitra: What were you going to do with WalkMe?
Rephael Sweary: The initial plan was to sell it as a platform for guidance on top of any website. This is how we started. We saw that we had a nice revenue. We were growing, but we weren’t growing fast enough. We launched the product in April 2012. Initially, it had a nice growth curve, but eventually flatlined. We were recruiting new customers but it wasn’t at the pace that we were hoping for. In July 2013, we decided to pivot our business and start charging more.
We were charging $19 a month for a plan and trying to get it to any website on the planet. We said, “Let’s focus on the serious >>>
In order to give focus to some major changes she sees on the horizon, Sramana Mitra has written several pieces that grew out of her original article, Man and Superman: Human History Bifurcates. The previous articles in this series: Two Distinct Species; What CAN Be Controlled?; Rationalizing Populations; How Long Does Democracy Survive?; and The Environmental Time Bomb. Please share your thoughts and help get the conversation going.
In recent times, Islam is facing a tremendous backlash because of the mindshare that ISIS and Al-Qaeda have managed to garner. Anti-Islam sentiments are appealing political fodder for populist candidates.
But the religion that actually holds humanity together is one that cuts across all major religions: Islam, Christianity, Hinduism, Buddhism, Judaism, and most other smaller sects. In fact, that religion is one that even the Atheists and Agnostics subscribe to.
Sramana Mitra: What was the first business that you and your brother launched?
Bhavin Turakhia: The first one that we launched together was in late 1998.
Sramana Mitra: You said you and your brother did all your businesses together?
Bhavin Turakhia: Yes. In many ways, that was the genesis. Before that, we were independently doing a bunch of consulting and selling various services. Directi was the genesis. For a bulk of our career from that point till now, we’ve done pretty much everything together. By that, I mean we handle independent businesses and parts of various businesses but have co-invested together and built out this series of companies. >>>
Entrepreneurs are invited to the 350th FREE online 1Mby1M mentoring roundtable on Thursday, April 27, 2017, at 8 a.m. PDT/11 a.m. EDT/8:30 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.
According to a recent report published by MarketsandMarkets, the cloud storage market size is estimated to grow $23.76 billion in 2016 to $74.94 billion by 2021. That translates to an annualized growth rate of 25.8% over the five-year period.
Sramana Mitra: How did you get connected with family offices in the US?
Rephael Sweary: I met them while I was studying here in the US.
Sramana Mitra: The reason I’m asking you is that it’s an unusual way of financing companies. Family offices tend to not participate in early-stage companies. So, it was basically because of personal relationships.
Rephael Sweary: Yes.
Sramana Mitra: You were selling through the resellers of the Microsoft product? >>>