By guest authors Irina Patterson and Candice Arnold Irina: In your work as an angel investor, what are your daily challenges? Venktesh: Well, there’s one company that I really like, and they have a technology which they claim is breakthrough. In concept on paper it looks great, but all the people and all the big
By guest authors Irina Patterson and Candice Arnold Eric: We start each monthly meeting with an hour discussion of the 8 to 10 applicants, and everyone has a little anonymous voting machine and we vote on which two we want to present at our next meeting. Once we’ve selected the two to present – and
Sramana: How did you go from leaving Intellibank to being the CEO at oDesk? Gary Swart: In the process of raising money at Intellibank I ran into Greg at Sigma, who told me that they liked me but not Intellibank. Sigma then asked me to come run one of their companies. That is why I
By guest authors Irina Patterson and Candice Arnold Irina: Would you consider investing in a $20 million niche market? Venktesh: Yes. If it’s a $20 million market and somebody owns a decent chunk of the company and the valuation is, within two years of investing in it, let’s say, $4 million. The company gets acquired
By guest authors Irina Patterson and Candice Arnold Irina: Is this, managing the fund, your full-time job? Eric: Yes, it is. And a lot of it is to facilitate the selection of companies that present and also to make sure that the due diligence gets done thoroughly and well and politely in a way that
By Sramana Mitra and guest author Sudhindra Chada Sramana: Okay. Are there any other process that we should have discussed in understanding how you do your work? Mark: Let me think. We are just obsessed with analytics, and we measure everything.
By Sramana Mitra and guest author Shaloo Shalini Sramana: What do you see in terms of the broader evolution of the cloud computing adoption in your mid-market, say the $200 million–$500 million band? It seems to be an industry segment where cloud computing is a blessing, where you don’t have to spend as much money
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