I am always thrilled to see great entrepreneurship in various parts of the world that are off-center. Well, Algo.ai CEO Amjad Hussain’s journey is a great one from Detroit.
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?
In case you missed it, you can listen to the recording here:
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Harald Nieder was recorded in March 2019.
Harald Nieder is a Partner at Redalpine Venture Partners, a European firm primarily focused on Germany and Switzerland.
Sramana Mitra: So tell us about yourself as well as Redalpine. Let’s get you introduced to our audience.>>>
According to a recent report by Global Industry Analysts, the global market for cloud-based productivity software is expected to grow to $42 billion by 2024 driven by workforce decentralization and the emergence of borderless organizations. Billion Dollar Unicorn Asana is a leading player in the industry that is expected to go public this year.>>>
Drura talks about the cutting-edge of American manufacturing and how e-commerce is impacting it. Superb interview.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as Xometry.
Drura Parrish: I’m the President of Xometry Supplies. Xometry is a fascinating company that’s working very fast and at scale to solve one of the biggest problems in the world, which is how do we make more things more efficiently and more profitably across the supply chain.>>>
Sramana Mitra: Besides these three categories that you’ve talked about or aligned to these three categories that you talked about, what are you seeing in your deal flow over the last 12 to 18 months? What’s in the pipe in India? I imagine you see several thousand deals a year, right?
Rahul Chowdhri: We see up to 1,400 to 1,500 deals a year. They vary across sectors. We are a sector agnostic fund. We have a very active problem-thesis based approach. So each one of us looks at one or more sectors. Then we go out and look for companies in those sectors.>>>
Entrepreneurs are invited to the 441st FREE online 1Mby1M mentoring roundtable on Tuesday, April 23, 2019, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/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.
IBM (Nasdaq: IBM) has been focusing on its strategic imperatives segment to drive the next level of growth. The segment includes the cloud, analytics, mobile, social, and security services. But the turnaround is taking a lot longer than expected. After three consecutive quarters of revenue growth, IBM revenues seem to be back on the decline. In an earlier streak, IBM had reported revenue declines for five straight years. The market is losing patience and post the result announcement, IBM’s stock fell 2% in the after hours trading session.>>>