Sramana Mitra: How does that split out of the 700 investments you’ve made? How many follow the route of going on to venture capital? How many continue to bootstrap? Is there any other nuance to it? Joe Silver: Of the companies that have exited our portfolio, which is about 15%, it’s split down the middle.
David Barrett, Founder and CEO of Expensify, has a terrific back and forth with me on a wide-ranging set of topics, including FinTech. Very, very interesting conversation.
Sramana Mitra: Tell me a bit about your first client that was in the model that you found to be a possible success model. Who was that client? What were the circumstances? What did you do for that client? How did you get to the product-market fit?
Sramana Mitra: You said that you lend up to $3 million, with the first loan being $400,000, what does the company need to have by way of proof points for you to start lending to that company? Joe Silver: We size our loans of a multiple of monthly recurring revenue so generally three to four
Entrepreneurs are invited to the 500th FREE online 1Mby1M Mentoring Roundtable on Thursday, September 10, 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: Did you launch as a software company or as a marketplace? Diego Gomes: I launched it as a software company. The first year was very challenging. Although we were having a little bit of success in selling to customers, the problem was that they were buying a content marketing platform, but they weren’t
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Joe Silver was recorded in July 2020. Joe Silver discusses his firm’s debt-financing model for startups.
Diego 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?