Earlier this month, Salesforce (NYSE: CRM) announced its first quarter results. While the company managed to outpace market expectations for the quarter, it failed to provide an impressive outlook. The current global economic conditions have impacted the outlook of most companies. Salesforce is no exception.>>>
Sramana Mitra: What percentage of your business is coming from these app marketplaces?
Florin Cornianu: A big part right now depends on partners.
Sramana Mitra: What percentage?
Florin Cornianu: Half.>>>
Some audience questions answered by Sramana:
– What is a good course for tech entrepreneurship?
– What are some proven strategies for entrepreneurs to get a phone meeting with VCs?
– How can a solopreneur build a tech business and achieve $1M-$5M exit in 2-3 years?
– Are there any good ideas for an online educational startup?
– Are there any interesting mobile app business ideas?
– Is it possible to build a billion dollar company without funding from a VC?
– Where can I get free technology entrepreneurship case studies on the web?
– How do you evaluate a tech startup accelerator?
– How can I get feedback from you on my venture?
Sramana Mitra: What trends do you see in general in terms of types of companies? Are there any highlights of what kinds of companies we’re seeing in 2020?
Parthib Srivathsan: We have a very specific focus. We built our deal flow relationships to deliver companies that fit those criteria. In terms of what we are seeing, it’s largely B2B tech.>>>
Big Data player Splunk’s (NASDAQ: SPLK) cloud bets are paying off. The company recently announced its first quarter results. While the results were not entirely impressive, the market’s pleased with the company’s continued push into cloud services.>>>
Sramana Mitra: You said it took you two years to get to $60,000 annual revenue. That’s 2010 then, right?
Florin Cornianu: It took us all the way to 2014 to get to a million dollars in revenue.
Sramana Mitra: Besides Google SEO for customer acquisition, was there anything else that you did for customer acquisition?>>>
Sramana Mitra: When you say you have an operational team, what did your operational team do in this case?
Parthib Srivathsan: We announced the deal on the 1st of April so it’s still early days. Our competency is primarily around the go-to market. We act as an extension of the startup. We identify areas where the team potentially lacks depth in. We roll up our sleeves and do the work.>>>
Entrepreneurs are invited to the 488th FREE online 1Mby1M mentoring roundtable on Thursday, June 4, 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 questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and register to pitch or attend here. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!