Sramana Mitra: The second question I have is what is your analysis of the trend of small funds like yourself that are doing the early-stage investments exiting into the later rounds. Do you see that happening a lot in the Indian ecosystem right now? Sarbvir Singh: We look at it in two ways. It is
Sramana Mitra: Talk about some examples of what you have really invested in and more about the ones that are conviction investment. Michael Smerklo: I’ll give you one example. I’m on the Board of a company called EverlyWell in Austin, Texas. This was an idea that we were looking at. This is disrupting the lab
Oracle’s (NYSE: ORCL) recently announced fourth quarter results were a pleasant surprise for the stock. After two quarters of shrinking revenue, the company finally reported marginal growth in revenues. Oracle has been transitioning from a traditional licensed-based model to a subscription-based model to drive cloud computing revenues. The transition has hurt revenue growth in the
Sramana Mitra: Let’s double-click down on some of the companies that you have funded. As you talk about them, talk about what situation were they in when you got involved. What did they have by way of proof points that you resonate with. Let’s start with the one that you already exited. Sarbvir Singh: The
Sramana Mitra: In the case where people have raised some money before, just raising money doesn’t qualify people for another round of funding. There need to be metrics. I was more interested in what those are. Sarbvir Singh: In those situations, they have the resources to build something out there. There are customers. In some
Entrepreneurs are invited to the 448th FREE online 1Mby1M mentoring roundtable on Thursday, June 27, 2019, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/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
Sramana Mitra: What is the current fund size? $50 million is a small fund size to do $5 million to $10 million checks. Michael Smerklo: We ended up being way oversubscribed for fund one. We ended up being just under $90 million for fund one. It was twice larger than we expected. Sramana Mitra: To
It has been under a year since the cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) went public. The stock has almost tripled since it listed. It recently announced its first quarter results, and the stock climbed 20% post the announcement.