Sramana Mitra: When did you reach some level of cruising altitude? What year would that be? Dheeraj Pandey: We were still the fastest to half-billion in 2015. Along the way, there were jitters. There’s always turbulence. In 2015, there was turbulence when the Intel issue came up. They had a massive number of bugs on
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Rahul Chandra: I very strong selection criteria that have a lot to do with growth. Growth is a big factor. Let’s say I’m part of a micro-finance investment cap table. My response is, in India, if you’re not doing things with the right scale, it’s not going to mean anything. It’s a lot like how
Sramana Mitra: What was the size of your Blumberg Capital round? What milestones were you able to achieve with that? Dheeraj Pandey: It was a million and a half. Word spread out that three Aster Data people had started a company. Lightspeed came within 10 months and we raised a $10 million round and converted
Sramana Mitra: Let’s do a couple of examples to illustrate what you’re saying with some more visceral understanding. Pre-seed is a very interesting field of investment. There aren’t that many pre-seed funds. Gans Subramanian: There’s another company in the cybersecurity space. These founders have a clear view of the problem. They are technical founders and
This report from Crunchbase News analyzes the trends in venture funding in the first quarter of 2022. There were 34 private companies newly valued at $1 billion or more in a disclosed funding in March 2022, compared to 49 in February and 46 in January. For this week’s posts, click on the paragraph links.
Sramana Mitra: How many of those 11 investments are in EdTech? Rahul Chandra: Just one so far. Sramana Mitra: Do you want to talk about that? Rahul Chandra: We have not announced this one, but I can talk about it. The premise is similar to what I’d said. There is a two-dimensional, non-interactive nature to
Sramana Mitra: Going from a techie to an entrepreneur, I presume you did a lot of founder-led selling. What was that transition like? Dheeraj Pandey: One is just humanism. Business is about people. You have to connect with people. Difficult words like negotiation – if you replace this with building trust, it’s much easier. People