Sramana Mitra: It was a software-driven diagnostic tool. You were running a piece of software from the internet onto that machine.
Rob Cheng: Yes. It was using a technology by Microsoft called ActiveX. It was quite similar to cloud computing. We stored all the results there. We were able to track which type of computers were slower.>>>
This feature from Reuters analyzes Softbank’s investments worth $60 billion in over 40 companies. Uber’s planned IPO in May could be a potential windfall to SoftBank. For this week’s posts, click on the paragraph links.>>>
In case you missed it, you can listen to the recording here:
Sramana Mitra: If you look at your 2018 deal flow, how many deals have you looked at? What are the nuggets you’re seeing that speak somehow to your investment thesis? What are you seeing out there?
Matt Holleran: We make about three or four investments per year and the reason for that is we do a lot of work on the front end. But on the back end, we also take action in areas such as recruiting, partnerships, and feedback.>>>
Rob Cheng: I got to know Ted very well throughout that period of time. Ultimately, I introduced him to my friend in Colombia. They started to do business together. Another thing that happened that was very interesting was that Texas Instruments decided to go and stop the production of the PC.
I’ve become friends with people in Dallas. That created a lot of problems for our IT because the entire company was based on the TI PC. They’ve written a lot of custom software. Now they didn’t have any more TI PC’s.>>>
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about Art and Culture. In this series, I will typically publish a piece of Art – a painting, a poem, a piece of music, so forth – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today –Rice Terraces, Reflections
Rice Terraces, Reflections | Sramana Mitra, 2017 | Water color, Ink and Pastel | 18 x 24, On Paper
Related Reading: Six Books That Have Offered Me Significant Insights
Sramana Mitra: Let’s talk about a few of your portfolio companies. What have you invested in that you feel really good about? What did you see in these companies that really captured your attention?
You gave us one example to begin with. So give us a little bit more color on these companies that you have chosen to invest in.>>>
Rob figured out the joys of virtual companies back in 1999. Today, he runs a 65-person virtual company that makes $20 million in revenue. Wonderful story.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?>>>