Sramana Mitra: You said you did the startup right after your MBA. So did you then bootstrap it to launch this? Whom did you launch it with?
Matthew Elenjickal: I started the MBA program fully aware that I wanted to start a company. I was laying the foundation, if you will, when I was doing my MBA. I got a lot of free help. A lot of courses helped me really build a network of local venture capitalists. I got a lot of free money through competitions and stuff like that.>>>
According to a Persistence market research report, the global enterprise information management solutions market is estimated to grow to $70 billion by 2025. Waterloo, Canada-based OpenText (Nasdaq: OTEX) is a leader in the market that has grown through acquisitions and a well-defined platform strategy.>>>
Sramana Mitra: So, it’s a $175 million fund. What stage? Is there a comfort zone in terms of investing?
Hemant Mohapatra: We come in early. We love series A and seed. Those are the two stages that are the most common. Last year, half of our investments were seed. Our check sizes range from $1 million to $3 million for a seed and all the way to $10 million for a very compelling team that has an idea.>>>
Entrepreneurs are invited to the 445th FREE online 1Mby1M mentoring roundtable on Thursday, May 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.
This is a terrific case study of smart execution on a complex domain by an entrepreneurial team. Read on !
Sramana Mitra: Let’s go back to the very beginning of your journey. Where are you from? Where were you born and raised? What kind of background?
Matthew Elenjickal: I was born in the south of India in a state called Kerala. I did my undergrad in Chennai and then moved here to Chicago for grad school. I went to Northwestern and took Industrial Engineering and Management Science. It’s a two-year program.>>>
Jose Deustua, Managing Director at UTEC Ventures, talks about Peru’s entrepreneurial ecosystem.
In case you missed it, you can listen to the recording here: