Sramana Mitra: At this point, did you have outside financing? What is happening on the financing side? Yuval Rooz: We only raised funding from some of the early investors and friends and family. Sramana Mitra: How much money was in the company? Yuval Rooz: I think in the early days we brought in $2 million
Sramana Mitra: Was it an all cash acquisition, cash in stock, or pure stock? Eric Elfman: I’d like to think that we did what K1 did for us. It was a mix of cash and stock. I needed their founders on board. Sramana Mitra: What is COVID doing to you?
Yuval Rooz: For the past five years, we’ve been developing an open-source language just to describe the interconnected application. The second component of our product is compatibility. When you want to run these applications, there are all kinds of technologies that you can run it on. Let’s take the analogy of Java language. You can
Roman Kikta is Managing Partner and Founder at Mobility Ventures. Roman discusses his firm’s investment thesis.
Sramana Mitra: You did a private equity deal in 2018 with the $16 million trajectory? Eric Elfman: Yes. We did that deal in November of 2018. We were at about $14 million when they closed, but we had a clear sight to $16 million by the end of the year.
Entrepreneurs are invited to the 503rd FREE online 1Mby1M Mentoring Roundtable on Thursday, October 1, 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: Let’s talk about how you got the company off the ground. What were the first few steps? What was the concept, genesis, and the concept of validation? Yuval Rooz: Not only was this a very nascent technology, but it was also associated with cryptocurrency and Blockchain. There was also some negativity in the
Diego Gomes, CEO of Rock Content, has built a terrific content marketing company from Brazil. He bootstrapped first, raised money later, and has recently acquired a sizable US company to scale. Excellent story! Sramana Mitra: Let’s start at the beginning of your journey. Tell me about your background. Where are you from? Where were you raised?