During this week’s roundtable, we had as our guest Yash Hemaraj, Founding Partner at Arka Venture Labs and Partner at Benhamou Global Ventures (BGV). Arka has recently partnered with 1Mby1M to accelerate Indian B-to-B SaaS companies.
We then had Madhu Augustine, a 1Mby1M Premium member from the San Francisco Bay Area, pitch SnapSupport, a revenue generating B-to-B SaaS company.
You can listen to the recording of this roundtable here:
Sramana Mitra: Let’s do another company.
Alireza Rahnema: Another company that has a very interesting background is Spocket. Spocket is one of the top three service providers on the Shopify platform. They help e-commerce retailers acquire products to sell and help find the right products based on desires and the location. The backbone is what makes it interesting for us.
The founder is of Iranian descent. He was attending medical school when he started dabbling in drop shipping. A few months on, he created the first version of Spocket which we tracked. He came to us on hearing about 7 Gate. He was invited to attend a Tech Stars program while working at Spocket. >>>
Today’s 431st FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, February 14, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. Click here to join. All are welcome!
Today’s 431st FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, February 14, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. Click here to join. All are welcome!
According to a Markets and Markets research report, the global cyber security market is expected to grow at a CAGR of 10.2% from $152.71 billion in 2018 to $248.26 billion by 2023. The growth is expected to be driven by the growing need for cloud-based solutions among SMBs. Sunnyvale-based Proofpoint (Nasdaq: PFPT) is a cloud-based enterprise email security, e-discovery, and compliance service provider that continues to see strong revenue growth.
Sramana Mitra: Would it be fair to say that you’re comfortable with pre-seed investment?
Alireza Rahnema: Absolutely! Over 50% of those are pre-seeds. So far, a significant portion stay. Almost 90% have gone on to a seed and we have invested on as they grow up.
Sramana Mitra: Talk about the types of companies that you like to invest in – B2B, B2C, hybrid? What’s your comfort zone? >>>
Nandini Mansinghka is CEO and Managing Director at Mumbai Angels Network, one of the oldest angel networks in India.
Sramana Mitra: Would you want to do another case study of companies that you’ve invested in and that you particularly think highly of?
Sumner Douglas: I’ll do one that I got involved in. A couple of years ago, I made the cardinal sin as the Managing Director and left to join one of our portfolio companies called Vutiliti. They create a device that enables you to hack the smart meter in infrastructure In smart cities and in residential areas and see real-time consumption of electricity, water, and natural gas. We can see that in a much more granular functionality back to the power companies or the utility companies as well as the end residence. >>>