This feature from PitchBook analyses the IPO frenzy from unicorns. So far, there have been some hits and some misses. For this week’s posts, click on the paragraph links.>>>
Sramana Mitra: Let’s start talking about Endiya Partners. How big is the fund? What is your preference in terms of where you want to invest in? What kind of stage?
Sateesh Andra: Our fund is around 175 crores. We’ve made 12 investments.
Sramana Mitra: That’s about $35 million.
Sateesh Andra: Yes. In the early days, there were accelerators, incubators, and angel investors. There weren’t any seed-stage VC fund. Angels used to do the early stages.>>>
Sramana Mitra: Are you selling directly to enterprise CIO’s or are you an OEM into a Cisco, for instance? How do you go to market?
Ethan Schmertzler: We, almost always, go directly to CIO’s and CTO’s of large institutions because they’re trying to make users’ lives easier and more efficient, but they confront the security concerns of these open networks. We often get integrated directly with the institution.>>>
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Sateesh Andra was recorded in April 2019.
Endiya Partners’ founding team – Managing Director Sateesh Andra, Managing Director Dr. Ramesh Byrapaneni, Director Abhishek Srivastava – talk about their Seed and Pre-Series A VC fund focused on India.
Sramana Mitra: Let’s start by each of you taking turns to introduce yourselves, your background, and how you see the India venture opportunity. Let’s start with you Sateesh.>>>
I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about Art and Culture. In this series, I will typically publish a piece of Art – a painting, a poem, a piece of music, so forth – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – Rice Terraces, Summer
Rice Terraces, Summer | Sramana Mitra, 2013 | Water color, Brush Pen, Ink and Pastel | 12 x 18, On Paper
In this interview, Ethan discusses Moving Target Networks, a cyber defense technology. The company does about $10M ARR.
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Dispel.
Ethan Schmertzler: I’m the CEO and one of the Co-Founders of Dispel, which is a cyber security and cyber defense firm that was founded in 2015. It’s based in New York City and Washington DC.>>>
Bill Bice: If you have a business and you want help in growing, there are literally thousands of options out there. It’s another way of saying that nobody has gotten great at doing it. That’s the problem that we’re tackling.
We’ve built a marketing automation system that automates whole industries instead of being designed to be implemented in one company at a time. The data advantage that we get from that is really significant. Internally, we’re a SaaS company, but externally, we deliver Marketing-as-a-Service.>>>
Funding = Success, right? I wish it did. But entrepreneurial tracks are littered with carcasses of dead startups that were very well funded, some to the tune of hundreds of millions. As a case in point, watch this 2 minutes 31 second video: Death By Overfunding.