Bill.com (NYSE:BILL) went public in December last year. In spite of the recent market turbulence and the global economic conditions, its stock has had a strong run. Since listing, the company’s stock has soared almost 220%.>>>
Sramana Mitra: What was the product that you got together?
Florin Cornianu: It was a very small script that allowed you to build a contact form and put it on your website. Back then, there wasn’t any Google Forms.
We thought about automating the creation of contact forms. It turned out to be a product. Instead of selling the script, we decided to sell it as a subscription. We did it on a freemium model.>>>
Christian Czernich is Founder and CEO at Round2 Capital Partners, a firm that is experimenting with an alternative financing model.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Parthib Srivathsan was recorded in May 2020.
Parthib Srivathsan, Co-Founder and Head of Platform at Companyon Ventures, discusses his firm’s investment thesis.>>>
SaaS-based financial and human resources enterprise services provider Workday (NASDAQ: WDAY) recently reported results for a strong first quarter that beat estimates. It was also its first ever $1 billion revenue quarter.>>>
You may have been reading our PaaS coverage, as well as Bootstrapping by Piggybacking posts.
Well, Florin has built a $6M SaaS business using this methodology with just $1M in funding. What’s more, he has done it entirely from Romania and sells to largely a US customer base.
This feature from TechCrunch discusses the opportunities in venture capital for investment in remote work solutions. For this week’s posts, click on the paragraph links.>>>
Sramana Mitra: If I were you, I’d take more of that responsibility on the fact that you didn’t necessarily know how to explain it to investors. If you did, this is not so difficult to understand.
Andrew Plato: I suppose. It is true that it took a lot of iterations to figure out how to describe the platform. The message there is that it’s the context problem. When you don’t have good context, you really need to be able to tell the story and you’ve to think about how the story will be heard and not how the story is being told.>>>