Sramana Mitra: Tell me more about the business model. A large percentage of enterprise software is sold via the subscription business model. So is that your business model? Sonali Vijayavargiya: Exactly. Most of our companies have a subscription business model. Investors value the recurring model. I feel that products don’t walk by themselves. You have
Julianne Zimmerman: I never aspired to be in the venture capital world. I started off as an aerospace engineer. I went to MIT when I was 16 because I had wanted to be an astronaut since I was 12. I thought that that’s how you became an astronaut. It’s not the worst idea, but it’s
Israel-based Wix.com (Nasdaq:WIX) which helps small businesses set up their websites has seen significant surge in its revenues as businesses have shifted rapidly to the digital solution. But the growth in revenues is not translating to significant growth in margins as the company is investing heavily in marketing initiatives.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Sonali Vijayavargiya was recorded in July 2020. Sonali Vijayavargiya, Founder and Managing Partner at Augment Ventures, discusses her firm’s investment approach, including early exits.
Database as a Service provider MongoDB (Nasdaq: MDB) is continuing to see strong growth even amid the current conditions. The company recently reported its second quarter results that surpassed market expectations. It has been focusing the last quarter on releasing several product upgrades to help make database management easier for developers.
Sramana Mitra: Given your target audience, where do you source deals from? What is the strategy that gets you face to face with such entrepreneurs? Julianne Zimmerman: This pertains to one of the fundamental myths at the heart of the current incarnation of the venture sector. We have this deeply-rooted pernicious myth that there’s a
Entrepreneurs are invited to the 501st FREE online 1Mby1M Mentoring Roundtable on Thursday, September 17, 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: What happened in 2019? How much did you do? Jake Weaver: That was the $5 million year. That was the breakout from where we had been before. For anybody that talks about valuations, a professional services firm is not valued as a product company. Even though revenue was staying the same, the value