This feature from TechCrunch covers the recent Facebook security breach that is expected to have affected 50 million users. For this week’s posts, click on the paragraph links.
Sramana Mitra: How did that happen? How did they find you? How did you find them? Steve Beck: I built a company with some guys called C2B Technologies. We sold it to a company called Inktomi in 1999. We had a great exit. We started a little venture firm. One of the companies we began
Sramana Mitra: I understand that in 2007, it was betting on Vijay as the entrepreneur. How long did you stay in that company? Did you seek an exit somewhere along the way? What has been your evolution with that company? Suresh Shanmugham: We have exited a good portion of our position. The company split into
Sramana Mitra: What do you need in terms of metrics? Let’s talk about B2B SaaS. Are you looking for a million dollar ARR? Are you looking for paying customers but not yet velocity? What is the comfort zone? Steve Beck: We hear these types of things all the time. What we’re looking for are some
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Suresh Shanmugham was recorded in May 2018. Suresh Shanmugham, Managing Partner at Saama Capital, talks about the Indian venture capital eco-system, trends, exits, and his firm’s investment strategy. Sramana Mitra: What we’re
Sramana Mitra: That’s very good to hear that kind of alternative investment thesis because with 700 plus micro-VCs in the industry, there is no way we’re going to get 2,500 unicorns. Unicorns are supposed to be rare, so it’s mathematically impossible to have that many. I hear from too many investors that they’re all chasing
In case you missed it, you can listen to the recording of this roundtable here:
Sramana Mitra: Two of my favorite unicorn companies are Veeva and Fortinet. These are multi-billion dollar market cap companies. Veeva, in its entire history, raised $7 million in capital of which $4 million was not necessary. They just had so much revenue and momentum. It was basically a company built with revenues and traction. Fortinet