
Slava was a Cyber Security geek in the Israeli military. In this interview, he tells the story of his transition to a successful entrepreneur.
Cybellum has been acquired by LG but continues to operate as an independent business unit subsidiary within the conglomerate. Awesome story with numerous lessons for geeks who aspire to be entrepreneurs.
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?
>>>This research report from CB Insights lists the top 50 most promising Blockchain and Crypto companies for 2022. The 2022 Blockchain 50 cohort has raised $17.1B in aggregate funding across 216 deals since 2016. For this week’s posts, click on the paragraph links.
>>>Sramana Mitra: Have you done any of these integrations?
Omri Dor: Generally yes.
Sramana Mitra: At what point in your evolution did integration start to happen?
Omri Dor: I would say that’s a part of the never-ending product-market fit search. You start your work in New York. Then you start to leave. What do you find? Larger landlords and property managers use different software that requires integrations. They will say, “I will not work with your product unless you’re fully integrated.” You keep finding these blocks. Do you change your product or go after a different market?
>>>Sramana Mitra: How does that work out ROI-wise? $3,000 is the security deposit and $10 a month. For how long? Is there a cap?
Omri Dor: We’ve done a lot of experiments since. The price is in the range of 6% to 12% APR on your deposit. If you choose the Obligo service and keep your $3,000 deposit and invest that with something that returns more than 6%, you are making money. Let alone if you have credit card debt. For the renter, there is a value.
>>>Zain Jaffer, Partner at Blue Field Capital, discusses trends in PropTech.
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During this week’s roundtable, we had as our guest Zain Jaffer, Partner at Blue Field Capital, discussing trends in PropTech.
Pathaway
As for entrepreneur pitch today, we had Crystal Williams from Cleveland, Ohio, pitch Pathaway. She has an interesting decision ahead: to build a business or do a non-profit with her concept.
You can listen to the recording of this roundtable here:
Sramana Mitra: Your Series A was mostly angels?
David Moss: There were some traditional VCs in Series A as well.
Sramana Mitra: What was the size of the Series A?
David Moss: I think it was around $4 million. With Series B, we filled it out with more corporate investors. They also turned into customers.
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