According to a Energias Market Research report, the global ride-sharing market is estimated to grow 16% annually over the next few years to become a $148.7 billion industry by 2024 driven by the continuing penetration of smartphones. While Uber remains the leader in the global market, there are several regional players that are giving Uber a tough run for its money within their countries. One such player is Israel-based Billion Dollar Unicorn Gett.
Sramana Mitra: At the very beginning, when you got this customer, what did you do for them? What did you propose to them that you were going to do that got you that customer?
Amjad Hussain: They had a need for a very specific warehouse management application for complex product categories that had a lot of SKUs and a lot of seasonal demand. We had tremendous knowledge not only of that domain but how to forecast demand at an in-store, item location level, and how to do smart replenishment and many other associated functions.
I think it was a combination of very strong technical and B2B domain knowledge and that some of the people in this first client company knew of our >>>
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ray Chan was recorded in December 2018.
Ray Chan, Managing Director at K5 Ventures and Tech Coast Angels, shares his views on the segments his firms invest in.
Sramana Mitra: Let’s get introduced. Tell us about yourself a little bit as well as K5 Ventures. What do you like to invest in? What size is the fund?
Behavioral health is a hairy area to tackle. Read how Tridiuum is creating value in that sector.
Sramana Mitra: Let’s start by introducing our audience to yourself and to Tridiuum.
Mark Redlus: Tridiuum is a digital behavioral health company. Our mission is to integrate behavioral health into total health. I’m the CEO of the company and I took this post after three years in a prior second position in the company. I took this about a year and a month ago. I’m relatively new at the job.
Sramana Mitra: If you could double-click down a bit more on what you mean by managing behavioral health, that would be great. >>>
According to a MarketsandMarkets report published earlier this year, the global market for low-code development platform is estimated to grow from $4.3 billion in 2017 to $27.23 billion by 2022. That translates to an annualized growth rate of nearly 45% over the next few years. OutSystems has been a long-term player in this market. But it is only recently that it entered the Billion Dollar Unicorn club.
Sramana Mitra: You came to Michigan straightaway?
Amjad Hussain: Yes, just because of where I landed my first job. I came to Detroit and I have lived here for 23 years. This is the longest that I have lived in any given place.
Sramana Mitra: What job did you come with?
Amjad Hussain: Since all of my training was in artificial intelligence, the very first thing that I did was I worked for a small engineering firm. They had some challenges and projects where my skills were relevant. I worked for a few employers. I eventually became the CIO of a company. >>>
Sramana Mitra: As part of UpWest, is there a panel of CISOs who look at your companies?
Shuly Galili: We work with a lot of the industry CISOs locally in Silicon Valley as well as across the US. They’re so entrenched in understanding how to work with both ourselves and other players who have access to a funnel of solutions out of Israel. We do have a lot of relationships in the ecosystem.
We also have companies that are building infrastructure technology not related to cybersecurity in enterprises. We’ve had great opportunities to work with big players to be able to advise and look at founders at the early-stages in order to guide them into what it is that they need to do in order to build a really great solution. >>>
Sara Sutton, Founder and CEO at FlexJobs, explains her platform and its ability to connect job seekers looking for flexible work schedules with employers. We explore how the 1Mby1M community could use some of this for scaling companies with virtual teams.