Anthony has navigated PriceSpider with some astute strategic moves. Read on to learn more. Strategic maneuverings of real entrepreneurs, by the way, are great learning opportunities.
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?
Anthony Ferry: I was born in Inglewood,California. I haven’t strayed very far from there. I moved down south a little bit into South Orange County in the mid-70’s all the way through high school. In college, I ventured just a little bit up north to a local >>>
Sramana Mitra: I think it was in 1997. I was funding a company of my own that I had founded. We did all our product development for very little money in India. It was before the trend where you could be building companies in India. I met with 36 venture capitalists before I could find one to actually do this with me. That was NEA.
It was hell. People were telling me, “We don’t fund companies with product development in India.” A decade later if you were in Silicon Valley and not doing product development in India, you were a fool. These kinds of
Sramana Mitra: What stage did you invest in Arkin?
Sandeep Singhal: We came in at the very start. We seeded the company. We expect to see more of this going forward. It’s just very efficient if the go-to market strategy is being developed in the US with team members that are based here and the MVP is built out in India. We’ve seen that in the past with Druva and PubMatic. We believe that we’ll see more of that approach.
Sramana Mitra: Especially in the enterprise context. Companies that are selling to global SMEs are actually marketing and selling from India as well and getting further along before they choose to move to the US in
Entrepreneurs can learn a lot about investors from their process of evaluating the funding-worthiness of startups. Within the Virtual Accelerator Investor Forum, I have asked investors to talk a bit about their own investment portfolios. What have you invested in and why? When did the entrepreneur come to you? At what stage and with what metrics? What convinced you to invest? In the following interviews, each investor shares the kinds of businesses in their portfolios and explains why they were drawn to those companies.
Susan Mason, General Partner at Aligned Ventures, talks about the dysfunctions of the broader venture capital model, and what her firm is doing to address those. Excellent conversation.
Entrepreneurs are invited to the 390th FREE online 1Mby1M mentoring roundtable on Wednesday, March 14, 2018, at 8 a.m. PST/11 a.m. EST/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.
San Jose-based Nutanix (Nasdaq: NTNX) was set up to deliver invisible infrastructure for enterprise computing. Its proprietary software-driven Xtreme Computing Platform converges compute, virtualization, and storage into a single solution to provide a simpler solution to the datacenter. The company was a pioneer in the development of a compute and storage infrastructure that could implement enterprise-class virtualization without involving the investments in expensive network storage. After a disappointing IPO, the Billion Dollar Unicorn hyper-converged storage leader appears to be on a path of recovery.
Sramana Mitra: The India e-commerce market is an active market, but it still operates on this cash-on-delivery mode. Are there indications that this is going to change and people will feel more comfortable with providing credit cards on the internet? That’s going to accelerate the trends.
Sasha Mirchandani: It has to change. It’s a mindset change more than anything else. It’s hard to scale without credit cards. You can’t have cash-on-delivery going on forever. Credit card is going to chip away at COD over the next couple of years. It’s something that we’re going to live with for longer than I would have liked. It’s inevitable. It has to happen. >>>
Rob Schultz, Managing Partner at Serra Ventures, discusses catering to startups in under-served geographies. His point of view aligns with what we’ve heard from some other investors.