According to Statistics MRC, the global contact center market was estimated to be $26 billion in 2018. Amplify.ai claims to be the industry’s first and only AI-driven engagement platform that amplifies customer engagement with immersive and persistent conversations. Its end-to-end platform offers tools to measure, optimize and manage the full lifecycle of a brand experience.>>>
Sramana Mitra: Now let’s tie this into the investment strategies that you are following. What kind of cloud companies appeal to you? Of course, you want a venture scale category. That’s table stakes, otherwise, you don’t want to do the kind of investing that you’re doing. But within that, we’re looking at a very mature category. Cloud Apps is a very mature category.>>>
As I started analyzing various paths to success via bootstrapping, one became absolutely obvious: holding onto a job and doing a startup part time. We gave this a name: Bootstrapping with a Paycheck, and published a book on the subject:
Entrepreneur Journeys Bootstrapping With A Paycheck (Available for order from Amazon Kindle)
A recent Global Market Insights report estimates the global video conferencing market to grow more than 10% annually to $20 billion by 2024. But video conferences are just one of the reasons why video services are used in organizations. According to a Market Study Report, the Enterprise Video market encompasses other end-to-end solutions that enable organizations to ingest, transcode, store, manage, protect, and publish both live and on-demand video for internal use, as well as to video webcast. This market is estimated to grow 14% annually to $7.9 billion by 2024.>>>
Sramana Mitra: If you were to assess, how many enterprise software companies that fit your thesis are operating in the market currently? What would be that number? Is it like thousands of companies? Tens of thousands of companies? What are we talking about?
Arihant Patni: We definitely have thousands of companies. This is in the enterprise tech space, so to speak. It also depends on what stage we’re looking at.>>>
During this week’s roundtable, we had as our guest Michael Smerklo, Co-founder and Managing Director at Next Coast Ventures. We discussed some of the ventures his firm has invested in and the philosophy in general.
As for the entrepreneur pitches, up first we had Chris Ziomkowski in Klong Luang, Thailand, pitching XTend Online, a high performance chip company.
Sramana Mitra: Let’s say a company in your portfolio has reached a certain level of critical mass, let’s say $50 million in revenue. They want to acquire other SaaS companies that may be able to give them a second or third product that is adjacent, and can leverage the channel.
How do you think about integrating such an acquisition or a set of acquisitions?>>>
Today’s 439th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, April 11, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. All are welcome!