Entrepreneurs are invited to the 391st FREE online 1Mby1M mentoring roundtable on Thursday, March 22, 2018, 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: The technology you got from Jon was a separate company and not part of Neudesic? Anthony Ferry: That is currently a separate company. That’s the company that I’m currently the CEO of. It was formed upon the acquisition of that technology. He had built a very ingenious crawling engine for data acquisition across
Sramana Mitra: Explain the Zomato business model that you think is going to scale. Rehan Yar Khan: Zomato occupies premium mindshare when it comes to food. From that, you can develop several monetization levers. Some of them get switched on. The older ones like Yelp is where you monetize listings. Newer ones involve food orders
Sramana Mitra: What is the typical round size? Ron Heinz: We typically put in between $3 million and $6 million. Our ownership structures tend to be between 15% to 25%. Our average check size upfront is $5 million and the reserve would be double of that. Sramana Mitra: When you do a Series A in
Sramana Mitra: Was there any specific type of clients that you were getting traction with? Anthony Ferry: Finance and banking companies were a big one. Hospitality was another big one. We built some pretty elaborate hospitality systems for hotels, gaming, and things of that nature. It was fairly diverse. We were getting a lot of
Sramana Mitra: How do you analyze Flipkart in that context? Has Flipkart gone on to build this whole distribution and logistics infrastructure, which is not asset-light at all? Rehan Yar Khan: Flipkart is not as asset-heavy as building channel stores. It’s not as asset-light as Snapdeal. It does have some backend, but the entire frontend
In case you missed it, you can listen to the recording here:
Sramana Mitra: A couple of points to add to what you said is, I started seeing a bit of an inflection point in Utah after Omniture. Omniture was a very visible success out of Utah. Omniture went public. Adobe acquired Omniture. That has been the milestone. The other thing, from a trend point of view