Sramana Mitra: Since 2013, there have been 50,000 to 70,000 seed investments. By seed, I mean the entire spectrum of pre-seed, seed, post-seed, and pre-Series A. That’s a lot of companies. The number of venture-funded companies is still very low. It’s 1,200 to 1,500 and it remains more or less constant. At the other vector
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Andrew Cain McClary of KdT Ventures was recorded in January 2018. Andrew Cain McClary, Founder and Managing Partner at KdT Ventures, is a physician-turned VC. The focus of his investment is biology and related
Sramana Mitra: I have a few questions. In terms of university strategies, at what point did the universities start coming on board? At what point did you start closing university deals? David Lloyd: We closed our first university deal in 2013 with Europe’s largest private university in Milan. They remain one of our best university
Sramana Mitra: Let me ask you the TAM question. We are in January 2018. Lots of stuff have already been built. Nowadays, there aren’t as many wide open opportunities to build these multi-billion dollar companies. It’s not like very corner of the enterprise software market is full of billion-dollar opportunities. There are lots of niche
Entrepreneurs are invited to the 405th FREE online 1Mby1M mentoring roundtable on Thursday, July 5, 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: Can you put some quantitative parameters around that $200 million exit? For a good, healthy $200 million exit where everybody makes money, what is the optimum amount of capital invested? What kind of revenue levels do you target? William Hsu: Depends on the category. For a SaaS or an enterprise software solution, typically,
In case you missed it, you can listen to the recording here:
Sramana Mitra: What were you doing revenue-wise? You started in 2011. What revenue level did you finish 2011 at? How long did it take you to hit the $1 million revenue run rate? David Lloyd: In 2011, our revenue was $20,000. We hit $1 million in early 2013. Sramana Mitra: In 2013, you’re still self-funded?