Market reports suggest that there were more than two billion websites online as of December 2017. The growth in the websites is attributed to the increasing presence of Content Management Systems (CMS) that allow people and organizations to build websites easily without having to truly code. The CMS market is dominated by Wordspace, which accounts for nearly 60% of the sites published. Joomla is a distant second with under 7% market share. But there are several other smaller players that are delivering robust growth within the space. One such player is New York-based Billion Dollar Unicorn Squarespace.
Sramana Mitra: What data drives the use case you mentioned?
William King: In our case, multi-variate analysis is a part and parcel of what we do. In that example, I would want to be looking at those three categories that I mentioned – public, proprietary, and purchased data.
Suresh Shamugham, Managing Partner at Saama Capital, talks about the Indian venture capital eco-system, trends, exits, and his firm’s investment strategy.
During this week’s roundtable, we celebrated our milestone 400th episode with four entrepreneurs ‘teaching’ their lessons from the trenches. Of these, three are 1Mby1M entrepreneurs, and one is a 1Mby1M case-study.
First, Vikrant Mathur, Co-founder of Menlo Park, California based Future Today, discussed his 10+ year journey of building a profitable bootstrapped business to over $10 million in revenue. Vikrant has had to navigate major shifts in his industry and he candidly explained how he has maneuvered. Vikrant’s lessons are perfectly in tune with the 1Mby1M methodology, and a great validation of the philosophy we have practised and preached for over a decade now.
Next, Heidi Jannenga, Co-founder and President of Phoeniz, Arizona based WebPT discussed another text-book case study of the 1Mby1M methodology: Bootstrap First, Raise Money Later. Heidi raised $1 million WITH $1 million in revenue already booked, and then turned that $1 million into $17 million in revenue. Very powerful and inspiring story.
SC Moatti, Managing Partner at Mighty Capital, discusses Whales, Dolphins and more. A wonderful conversation full of wisdom and pragmatism.
Sramana Mitra: We see cap notes a lot in Silicon Valley, but if you go outside of Silicon Valley, people are still using equity vary aggressively. We, very often, see terribly diluted deals at very early stages.
Don Hutchinson: That is the historic nature of equity investment. The issue you’re talking about is before notes became accepted here. It was a couple of years’ process. Earlier, it was all equity here as well. You didn’t go through as many rounds before jumping to an A. If you got seed, you went to an A. There might be some bridge but the bridge usually came from the incumbents. That usually was discounted notes to the A. The clearest way is to gain traction quickly.
Sramana Mitra: We’ve been saying this. Get traction before you raise money. >>>
Deb Kemper is Managing Director and Chair of the Boston Forum at Golden Seeds, an Angel Group and Micro VC focused exclusively on women entrepreneurs.
David Blumberg: I was speaking at a conference in Mexico recently. It was about transportation of the future. I’m not an expert in that, but I’ve got some theories. A lady from Ford Motors got up and said, “The future of transportation is green, recyclable, and sustainable.” Then a man from Delphi Auto Parts said, “The future of the automobile is connected.”
I got up and said, “I don’t know what the future of automobiles will be. I want to ask you. I have two choices. Is it a product that you buy, own, fill with gas, take to the garage to park and only comes in one shape and size during the lifetime of your ownership? Or is it a service? It comes to you when you call it? It comes as a motorcycle today, or Ferrari the next day? You don’t pay insurance. It’s all wrapped in a service.” >>>