During this week’s roundtable, we had as our guest Christian Czernich, Founder and CEO at Round2 Capital Partners, a firm that is experimenting with an alternative financing model.
As for entrepreneur pitches, Jonathan Mentz from Cape Town, South Africa, pitched Prometeo, a risk analysis and monitoring solution.
Next Bing Huang from Sunnyvale, California, pitched Hustlebeez, a personal finance app for debt management.
Sramana Mitra: You had both transaction revenue and marketplace revenue.
Garrett Goldberg: The company exited right as we were turning on marketplace transactions. The next one had that as well. It’s a marketplace in the chemicals industry called Knowde. Instead of having a software product, it had a storefront tool for chemical producers to sell their wares.>>>
Today’s 487th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, May 28, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. PASSWORD: startup All are welcome!
Today’s 487th FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, May 28 at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. PASSWORD: startup All are welcome!
According to the Interactive Advertising Bureau, the global podcast industry is estimated to grow from $479.1 million in 2018 to over $1 billion by 2021. Online music streaming service Spotify (NYSE: SPOT) is already cashing in on this growth.>>>
Sramana Mitra: Which segment of the customer base did you go out to sell it to?
Andrew Plato: One of the things we learned very early on is that our product is very appealing at the enterprise SaaS level. Admittedly, it wasn’t what I originally thought. I thought we were going to be more mid-market. As soon as we hit the market, we resonated the most at the enterprise level, particularly, enterprise SaaS.>>>
Sramana Mitra: When you made the decision to invest in this young founder, how did they find you or how did you find them?
Garrett Goldberg: That’s part of what we do here, we try to make sure we’re approachable by founders. This particular one came through another founder that we had a relationship with. We see a lot of good deal flows from later-stage VCs.>>>
Some audience questions answered by Sramana:
– What are some cool cyber security startup ideas?
-Are cloud computing startups successful today?
– Are there any successful tech startups built out of Arizona?
– How can entrepreneurs outside of Silicon Valley reach out and connect with Silicon Valley’s VCs?
– What would be your advice for an engineer at Google who wants to start building his own business?
– Why do venture funded startups fail more often than bootstrapped startups?
– Is it possible to build a Unicorn startup out of Australia?
– How can I get feedback from you on my venture?