According to a MarketersMedia report, the global Identity Access Management market is estimated to grow 16% annually to reach $24 billion by the year 2022. Recently, Okta (Nasdaq: OKTA), a leading player in the industry, announced its fiscal first quarter results that outpaced market expectations and sent the stock soaring 12% higher. The market is
Eghosa Omoigui is Managing Partner at EchoVC Partners, a firm focused on the African market. This is a fascinating discussion about African startups and venture capital.
Sramana Mitra: From a macro perspective, what’s happening? Is the industry seeing a tremendous shift from Shopify to Amazon? Ethan McAfee: Market share of Amazon has been growing. Right now, Amazon has over 50% online commerce. Amazon’s market share growth is coming from two eBay and Walmart. I think they’re also taking market share from
Sramana Mitra: Let’s take SaaS for a moment. If you were to look at a SaaS company, what would you look for? Would you look for MRR metrics? Would you look for just a proof, just a minimum viable product? What is your comfort zone to get into a company? Bill Bice: I’m often working
For the third year in a row, cloud-based financial and human resources enterprise services provider Workday (NASDAQ: WDAY) was ranked as the leader in Gartner’s Magic Quadrant for Cloud Core Financial Management Suites for Midsize, Large, and Global Enterprises. Gartner recognized Workday for its Intelligent Capabilities, analytics, intuitive experiences and better business planning abilities. Workday’s
Sramana Mitra: What about other channels like eBay? Ethan McAfee: We’ve always focused on the Amazon channel because Amazon is 12 times the size of Walmart and Jet combined. A lot of the products on eBay are oftentimes used or collectible products. It’s not as much new products. The main issue with eBay is, it’s
Sramana Mitra: Before we get into that, let’s get the fund specifics. How big is your fund? What is your preferred investment criteria. Bill Bice: We’re an early-stage fund. My partner was the first VC in the state of New Mexico. He really took a different approach in building the firm. He brought together a
According to a recent IDC report, healthcare, public sector, finance, retail and wholesale, and manufacturing sectors are estimated to have spent $37.5 billion on industry cloud solutions in 2018. San Francisco-based Vlocity is a leading industry cloud solutions provider that recently joined the Billion Dollar Unicorn club.