Sramana Mitra: I’ll tell you where I am a little bit uncomfortable with what you’re saying. I don’t feel a token angle of it. Your point is well-taken that somebody with a proven business model is a more interesting scenario than a concept financing or concept ICO. Why do I want tokens in this ecosystem
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Today’s 408th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, July 26, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: Let me see if I understood that. How do you work with board members? Is it a Board that has a dashboard about that company’s risk that you’re providing? Tom Turner: What we often see from our customers is they will use BitSight’s rating in the following form. A company will use its
Sramana Mitra: What is the go-to market strategy for this company? Greg Borchardt: There are two sides of the business. They started off in the medical device space. They created a consumer product that we help them down the supply chain to develop the components for the product and ship it over to the US.
Sramana Mitra: Let’s talk about some of your portfolio highlights. What are you really proud of having invested in? As you choose the ones to talk about, specifically point out when you saw them, in what state did you see them, and what is it about them that attracted you? Tim Wilson: I’ll start with
Sramana Mitra: Interesting. What level of penetration do you have? How many companies are you rating in this mode? Tom Turner: We rate around 120,000 enterprises around the globe. Those ratings are consumed by about 1,200 global customers that use BitSight in one of our use cases around third-party risks. That’s looking at vendors in
Sramana Mitra: Let’s then talk about the investment thesis. This is your second fund. You’ve already used this investment thesis and invested your first fund in a bunch of companies. If you could take us through a few examples that illustrates how you think about your investment thesis and how the companies you’ve invested in fit