Sramana Mitra: Just broadening the line of questioning, could you talk a bit about what your analysis of the current FinTech market? Where are the key opportunities?
Matt Carbonara: Payments moving into different parts of the ecosystem is one trend. You can think about verticalized SaaS companies with an element of payments becoming part of them.>>>
Gartner estimates the global IT operations software market to grow at 7% CAGR to reach 37.5 billion by 2023 from $29 billion in 2019. Within the industry, Gartner expects enterprises to quadruple their Application Performance Management (APM) use over the period 2018 to 2021. It expects APM to reach 20% of all business applications by 2021. Dynatrace (NYSE: DT) is a leading player in the market that recently reported stellar quarterly results.>>>
Sramana Mitra: Of the 2,500 customers, what is the split? How much is enterprise? How much is mid-market? How much are hobbyists?
Chris Nguyen: 20% are the mid-market up. We’re slowly moving towards the enterprise side. Every year has been an evolution.>>>
Sramana Mitra: There’s a lot of stuff that you said that we can double-click down on. Can you talk us through a case study of a company that you’ve invested that found significant go-to market leverage through the Citi customer base?
Matt Carbonara: There’s a company that we’re invested in called High Radius. They factor and use algorithms to match up payables and receivables for a company and the company’s partners. That’s an area where we’re partnered and selling our product together.>>>
Entrepreneurs are invited to the 478th FREE online 1Mby1M mentoring roundtable on Thursday, March 26, 2020, 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.
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!
According to a recent report, the global market for Big Data and Business Analytics is expected to grow 15% annually to $512.04 billion by 2026 from $171.39 billion in 2018. Alteryx (NYSE: AYX) is a leading player in the market that recently reported stellar quarterly results.>>>
Chris Nguyen: There are trends that are happening today that provide value for LogDNA. One is the amount of data is growing exponentially. It is huge.
Trend number two is that data is fragmented. Because of the evolution of DevOps, containers, microservices, and data is super fragmented. To be able to pull that information into one powerful environment is very challenging.>>>
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Matt Carbonara was recorded in March 2020.
Matt Carbonara, Managing Director at Citi Ventures, discusses the fund’s activities and focus.>>>