Aziz discusses the infrastructure necessary for brands to do sophisticated mobile advertising.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Sabio Mobile.
Aziz Rahim: I’m the CEO of Sabio Mobile.
Sramana Mitra: What do you do?
Aziz Rahim: Sabio Mobile has something called App Science. Our view is that App Science is a gateway into understanding a >>>
Writing the book Billion Dollar Unicorns a few years ago took me through the extensive process of talking to entrepreneurs who have built tech companies with valuations above a billion dollars. While there is a tremendous amount of serendipity involved in any extraordinary success story, one theme came up repeatedly: Bootstrap first, raise money later. I was particularly excited to share this nugget because it applies broadly to all classes of entrepreneurial ventures. The bottom line is that this strategy gives entrepreneurs more control over their destinies. Thus, even serial entrepreneurs often use this strategy, not just first-time entrepreneurs. Entrepreneurs, please have a listen to the following selection of inspiring and instructive 30-minute podcast interviews with the Founders of some of my favorite “bootstrap first, raise money later” success stories.
Fred Luddy, Founder, ServiceNow – Fred is Founder of one of the most successful companies in the history of enterprise software. Founded in 2003, ServiceNow is valued at over $12 billion in the public market. This is a truly wonderful discussion, marked with Fred’s warmth, humility and wit.
According to FT Partners, the FinTech market saw a record 412 financial deals during the third quarter of 2017. One of the largest deals in the quarter involved a $250 million investment by Softbank in Billion Dollar Unicorn Kabbage. >>>
Sramana Mitra: In this general universe that you’re operating in, where do you see open problems? If you were starting a company today, where would you look into?
Peter Nichol: That’s a great question. I would say there’re probably two areas that are big trends emerging in the future that haven’t been addressed in a meaningful way. We’ve seen the movement of a lot of companies to the cloud. I think the next trend would be companies looking for cloud independence.
In other words, a lot of companies have moved to AWS, for example. That’s the biggest cloud provider out there. Companies are now going to be starting to look for independence. In other words, they don’t want to be locked in to a specific cloud provider. >>>
For entrepreneurs interested to meet and chat with Sramana Mitra in person, please join us for our informal group meetup this month. If you are living in the San Francisco Bay Area or are just in town for a visit, we hope you will add these meetups to your calendar and join us. Pre-registration is required, REGISTER HERE.
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According to a recent report from Research and Markets, the global genetic testing market is estimated to grow from $4.6 billion in 2017 to $5.8 billion in 2022 at a CAGR of 11.7% driven by aging global population, rising incidences of genetic and hereditary diseases, growing awareness, technological advancements and rise in application of genetic testing for early detection of various diseases. A major player and Billion Dollar Unicorn in this market is 23andMe. >>>
Sramana Mitra: At the same time, these open source technologies are fairly complex and require external expertise for them to be able to manage them. You are one of the specialized vendors whom they’re reaching out to to get that expertise in?
Peter Nichol: I think that’s right. The companies that base their business on open source are providing a lot of expertise around open source technology. For example in our case, the technology we deal with is a database technology. One example is Cassandra which is a NoSQL database technology. It’s used for storing terabytes, or even petabytes of data, by companies who are writing applications that may have thousands or even millions of users like Facebook. >>>
Traditional VCs now each have very large funds. They need to invest large chunks of money. NEA’s last fund is over $3 billion. They LOVE to invest in Bootstrap First, Raise Money Later scenarios.
Here, you can hear the perspective of Scott Sandell, Managing General Partner at NEA, on all that and more:
Come talk to me to brainstorm, strategize, weigh your funding options.