Today’s 568th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, March 24, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Today’s 568th FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, March 24, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
According to a recent report, the global DevOps market is expected to grow at 24% CAGR $6.78 billion in 2020 to reach $57.90 billion by 2030. San Francisco-based PagerDuty (NYSE: PD) continued to deliver strong results and is looking to expand its market share through consolidation.
>>>Sramana Mitra: Funding was happening in Israel?
Rotem Shor: Seed and Series A was in Israel. In Round B, non-Israeli venture funds joined.
Sramana Mitra: By Series B, you had the third client?
Rotem Shor: Yes, but we had more of a thesis. We still got traction from users.
Sramana Mitra: How much money are we talking? Seed was $1 million.
>>>If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.
A very effective way to dance the entrepreneurial Waltz is to do a bootstrapped company first, sell it, and then do another venture with a more ambitious agenda. Jeremy Swift’s journey as Co-founder and CEO of Cordial is a great case study in this method.
Sramana Mitra: Let’s go to the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Jeremy Swift: I was born in Beaverton, Oregon. Most people know about Beaverton because of Nike. It’s a small suburb outside of Portland. I grew up in what I would consider a small middle class family. Both my parents were a rare breed and especially different from the path that I’ve taken in my life. The first job they got out of college is the same job that they retired with 40 plus years later.
Sramana Mitra: Excellent. Is there one that you have done from India that you would like to discuss a little bit?
BV Jagadeesh: Let me take Futura. They used to be employees of MindTree. They approached me through some common connection. They hadn’t started yet at that time. They were thinking of getting into this analytics space in heavy engineering areas. Even though they came from a services background, they had the desire to do a product business.
>>>According to a recent report, the global 3D NAND flash memory industry is expected to grow at 20% CAGR from $12.38 billion in 2020 to reach $78.42 billion by 2030. Mountain View-based Pure Storage (NYSE: PSTG) recently reported its fourth-quarter results that surpassed market expectations.
>>>Sramana Mitra: How did the first one get the users?
Rotem Shor: They paid a very small amount of money. It was not only for a specific medication. They developed it as a tool. The second was very specific for their drug. We found out later that it is much harder than we thought.
Sramana Mitra: So what did you do?
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