This feature from TechCrunch discusses the opportunities in venture capital for investment in remote work solutions. For this week’s posts, click on the paragraph links.
Sramana Mitra: If I were you, I’d take more of that responsibility on the fact that you didn’t necessarily know how to explain it to investors. If you did, this is not so difficult to understand. Andrew Plato: I suppose. It is true that it took a lot of iterations to figure out how to
Sramana Mitra: Do you have about 50 customers right now? Andrew Plato: That sounds right. We’ve got a mixture of some on our platform. It’s not quite 50. It’s probably in the low 20’s. We’d 12 on the platform as of this year. Plus some existing business. Sramana Mitra: These 20 odd customers have all
Sramana Mitra: How much money had gone into the company at the point of exit? Garrett Goldberg: Probably around $60 million. They raised Series A, a Series A extension, and then Series B. Sramana Mitra: Interesting. A question about real estate since that’s a background you have. What do you see happening given that we
What is the best bootstrapping tactic for B-to-B startups? Solve an acute customer pain. Get paid an advance to do so. Leeyo Software CEO Jagan Reddy followed this strategy to bootstrap to $20 million. He built a niche software that solved a very specific problem and started selling it to enterprises for a lot of
In case you missed it, you can listen to the recording here: 487th 1Mby1M Roundtable May 28, 2020: With Christian Czernich, Round2 Capital Partners
Entrepreneurs are invited to the 488th FREE online 1Mby1M mentoring roundtable on Thursday, June 4, 2020, 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: Talk to me a bit about your go-to market experience. Were the first people you went out to people that you had been selling your professional services to? Andrew Plato: It’s a combination. We went to some of our existing customers first. Many of them struggled to even comprehend what we were doing.