Entrepreneurs are invited to the 415th FREE online 1Mby1M mentoring roundtable on Wednesday, September 19, 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
In case you missed it, you can listen here:
Sramana Mitra: My next question is around customer acquisition. It sounds like this is all direct selling. Jedidiah Yueh: Yes. We work with channel partners, but the majority has been direct enterprise software sales. Sramana Mitra: Are there any nuances in that journey with Delphix starting in the late 2000’s as it moves along? Are
Sramana Mitra: How do you process the current investment climate where capital is moving further and further upstream? How does a seed investor mitigate the Series A gap? Clint Chao: It’s a great question. It’s clear that your traditional Series A investors have raised the hurdle, if you will, on what qualifies as a viable
Sramana Mitra: We are in 2018. A lot of stuff has already been built. Relative to the amount of capital that is available in the market, there are 700 plus micro-VCs in the market right now. There is a huge number of entrepreneurs who are starting companies. We can’t expect that every single venture out
Sramana Mitra: You don’t have a Steve Wozniak that you’re paired up with throughout your journey? Jedidiah Yueh: I had co-founders who were technical. Co-founders come at different levels. Some of them didn’t stay with the companies. I always found technical co-founders to help. Sramana Mitra: It’s more incidental and not a soulmate kind of
During this week’s roundtable, we had three interesting entrepreneur pitches. VedaJunctionFirst up, we had Rahul Sharma, from Dallas, Texas and Ludhiana, India, pitching VedaJunction, an AI-based personalized learning platform and marketplace. Very cool idea. PrackrNext Rahul G from from Bangalore, India, pitched Prackr, a CRM workflow management software that he will most likely be positioning
Sramana Mitra: How big is the fund? Clint Chao: Our first fund is a small fund. It’s a $10 million fund. We launched that officially in 2015. We did a first close on our second fund late last year. That’s a $50 million fund. Our initial investment in fund one averaged around $250,000. We reserve