Sramana Mitra: Money is flowing freely now. There is no shortage of money especially for late stage deals. People are raising money like crazy. Vineet Jain: It’s a sign of times. My Series D came in nine days. SramanaMitra: It’s good and bad. Some of it is good, because the good companies have plenty of
Sramana Mitra: That is a great resume. Can you tell me the story in a way that is useful for people to learn from? David Steinberg: Here’s the learning. I do what’s called triangulation whenever I’m starting a business. I look for three different data points that say either the same thing or the opposite
Entrepreneurs are invited to the 223rd FREE online 1M/1M Mentoring Roundtable on Thursday, July 17, 2014, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea to Sramana Mitra. You’ll gain straightforward feedback, advice on next steps, and she’ll answer any of
Sramana: You launched Linode in 2003. How did the company revenue ramp over time? Christopher Aker: For the first few years, we were constrained by the number of machines we could put online. We still managed to do 200% to 400% revenue growth year-over-year. It is a lot easier to do that when the numbers
Vineet Jain: Secondly and this is very important, we have storage companies as partners. When I started, I worked with Netgear here in Sta. Clara. Then I went to NetApp in 2011 as we grew and the customers were saying, “Who’s Net Gear?” The idea here is that the on-premise storage companies look at Egnyte as
Today’s roundtable had three pitches and some additional Q&A. Yoyochimp First up, Neelam Chakrabarty from California pitched Yoyochimp, a marketplace and community for parents to connect with children’s camps and activities. Neelam says that she has 100 parents and 40 providers as part of her validation process, and that the providers are complaining about having
Sramana Mitra: Was this a company that you financed in any way or was it self-financed? David Steinberg: I maxed out my credit cards and tried to get some money from my family. They would not give me any initially. I then went to my stepfather and said, “This is what I want to do.
Today’s 222nd FREE online 1M/1M roundtable for entrepreneurs is starting NOW, on Thursday, July 10, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join.