Nandini Mansinghka: I think what has happened is that even in our portfolio, once in a while we do come across a company that looks like a potential unicorn. And that’s when you finally see a lot of investors coming in. Over a period of time, we haven’t always seen that case.
So the ones that you actually think are potential unicorns are also the ones that run out of money. You say, “Okay, here is money for 18 months.” Then in twelve months, the money runs out. Because you’ve not built a steady revenue or haven’t built a product by then, the next round of money isn’t coming in. If you ask me to choose between scalability and sustainability, I think I’m more on the sustainability side of things. >>>
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about Art and Culture. In this series, I will typically publish a piece of Art – a painting, a poem, a piece of music, so forth – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Snow Country, Blue Storm
Snow Country, Blue Storm| Sramana Mitra, 2017 | Water color and Pastel | 18 x 24, On Paper
Related Reading: Let’s Go Beyond Superficial Virtual Interactions
Sramana Mitra: One point I will double-click on which comes up a lot is that we have a huge overlap in the Indian market. 1Mby1M has a big presence in the Indian market and we’ve been present for a very long time. The whole Indian SaaS category was one that we played a very big role right from the beginning. >>>
Sramana Mitra: You mentioned traction. For Mumbai Angels to be interested in a company, what kind of traction do you want to see? It sounds like you don’t do concept financing, do you?
Nandini Mansinghka: We would do concept financing. We will fund anything which is a people company. It’s not an idea stage that we’re looking at for sure. We would require revenue traction in all cases except two. One exception would be highly suspect products. If it’s an IP buildout, we’re okay to say, “We’re funding because we want to walk with you to the IP buildout.” >>>
Exciting news: Future Today, a One Million by One Million (1Mby1M) incubated company, has been acquired by entertainment distributor and digital-network operator Cinedigm for $60 Million.
The acquisition is seen as evidence of Cinedigm “making a big new leap into online video” according to Variety, with Future Today being an ad-supported VOD network that operates over 700 free, over-the-top channels.
According to a Market Research Engine report published earlier last year, the global internet domain name system market is expected to grow 13% annually through to 2024. GoDaddy (NYSE: GDDY), an internet domain marketplace focused on small businesses, professionals, and individuals, recently announced its fourth quarter results that surpassed market expectations.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Yash Hemaraj was recorded in February 2019.
Yash Hemaraj, Founding Partner at Arka Venture Labs and Partner at Benhamou Global Ventures (BGV), discusses Arka’s recent partnership with 1Mby1M to accelerate Indian B2B SaaS companies.
Sramana Mitra: Tell our audience about Arka and we’ll take it from there.
Yash Hemaraj: We launched Arka Venture Labs in the summer of 2018. Arka Venture Labs is India’s first B2B focused cross-border accelerator. Our idea is to seed the next wave of enterprise innovation coming from India and to connect them to the global ecosystem. Primarily, we’re forward-looking at B2B-focused companies. >>>
Entrepreneurs are invited to the 437th FREE online 1Mby1M mentoring roundtable on Thursday, March 28, 2019, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/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 questions. Others can register to “attend” to watch, learn, and interact through the online chat.