This feature from CNN looks at the surprising trend of increased printed reading. US e-book sales declined 18.7% while paperback sales were up 7.5% and hardback sales increased 4.1% over the first nine months of 2016. For this week’s posts, click on the paragraph links.
Sramana Mitra: You have, yourself, generated a huge amount of capital at this point through a couple of exits. You had an all-cash exit of $160 million plus a $900 million exit. That’s a lot of cash. You don’t really need to go anywhere for cash. You have plenty of cash. Culturally and strategically, in
Sramana Mitra: What are you seeing now? Where to from here? You have raised almost $100 million worth of financing. You have very good metrics. You’re scaling nicely. Do you see an IPO soon? Rafael Sweary: Not soon. I think an IPO is a very likely scenario, but the timing of an IPO is something
Entrepreneurs are invited to the 351st FREE online 1Mby1M mentoring roundtable on Thursday, May 4, 2017, 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. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register
Sramana Mitra: Any other businesses that you want to talk about? Bhavin Turakhia: After that, I started two more — Flock and Zeta. Flock is in the enterprise and team messaging space, and Zeta is in the payment space. I started Zeta with a co-founder in India, and the business is currently largely managed by
Sramana Mitra: What kind of average deal sizes are you selling right now? Rafael Sweary: I can’t disclose details, but it’s more than hundred dollars per month. Sramana Mitra: That doesn’t say anything. What else do you want to say that is interesting? Rafael Sweary: We’re trying to build a world where software will understand
Sramana Mitra: What scale did you get to with that business before you exited? Bhavin Turakhia: In the public domain, we exited that business at a valuation of $900 million to this consortium of investors in a public company in China. This happened in August of 2016. It was the third largest ad tech deal
In case you missed it, you can listen to the recording here: