According to a recent Research and Market report, the global online survey software market is projected to grow at 13% CAGR to reach $10.162 billion by 2025 from $4.87 billion in 2019. SurveyMonkey (Nasdaq: SVMK) recently reported its second fiscal quarter results that surpassed all market expectations.>>>
Sramana Mitra: Did you bring in an outside CEO or did you promote somebody from the inside?
Eric Elfman: I had hired a COO who became the CEO.
Sramana Mitra: Was that the person who sold to the company that had already been a strategic investor? The exit path was already laid out? You just build longer and sell it at a higher price.>>>
Sharing insights and answering questions from entrepreneurs on building successful startups. Some audience questions answered by Sramana:
– Can a startup be run without a physical office?
– How do solo founders build multi-million dollar businesses?
– Do you need to go to Silicon Valley to create a great tech company?
– How can I get feedback from you on my venture?
I always love to cover entrepreneurs who push the envelope on high horsepower technology. Digital Asset has. Fascinating story!
Sramana Mitra: Let’s start at the beginning of your journey. Where are you from? Where were you born and raised? What kind of background did you have?>>>
Adobe (NASDAQ: ADBE) recently reported its quarterly results that revealed record breaking performance. The company’s digital focus helped it deliver its best third quarter in its history despite the current pandemic conditions.>>>
Eric Elfman: There was a pretty rich population of angels that if you had the patience and time, you could touch.
Sramana Mitra: Were these Houston angels?
Eric Elfman: The majority were, but we eventually stretched out to Louisiana, a little bit in California, and even in the UK. It started with people in Houston. They had friends that wanted to get in on it, so it got wider.>>>
Enterprise collaboration solution provider Smartsheet (NYSE: SMAR) continues to deliver strong topline growth amid the current conditions. The company recently acquired Brandfolder to accelerate its efforts to digitize enterprise workflows.>>>
Eric Elfman: The data search idea was to remove the paper invoice system and switch to electronic invoices directly from the law firms and run them against the rules and validate them. The result of that was a 5% to 10% savings on the money they were spending with the law firms just by enforcing guidelines that were already set.>>>