Small business credit and receivables financing are going through enormous changes in the FinTech era. This interview delves into some complex issues. Fascinating discussion!
Sramana Mitra: Let’s start by introducing our audience to yourself as well as to Fundbox. We’ve had Fundbox before. Let’s do a quick recap.
Eyal Shinar: I’m the Co-Founder and CEO of Fundbox. There are many ways to describe a company but the most precise and a very high level way is, we’re building the world’s first, and hopefully the largest, B2B payment and credit network.>>>
According to a MarketStudy Report published earlier this year, the global cyber security market is estimated to grow 12% annually to reach $300 billion by 2024. The increasing frequency of cyber attacks and the growing number of IoT devices is promoting the adoption of cyber security solutions. The research estimates that the financial losses caused due to cyber-attacks have risen by over 62% in the past few years, thus prompting organizations to adopt advanced cyber security solutions to protect their sensitive information from unsanctioned access.>>>
Jeff has turned $1M of personal investment (with his Co-Founder) to $80 million in revenue. Pretty capital-efficient, this entrepreneur’s journey!
Sramana Mitra: Let’s start with where your story begins. Where are you from? Where were you born, raised, and in what kind of background?
Jeff Wilkins: I grew on the East Coast. I was born in Bethesda, Maryland, outside of Washington DC and moved around a lot as a kid. I spend time in Maryland, North Carolina, Texas, Oklahoma, and Pennsylvania.>>>
Deepen Parikh: We want to plan the infrastructure side. Obviously, 4G in India and the infrastructure that Jio has created is a game changer for a lot of content that is being consumed.
Similarly if you look at something like China, the market is big enough to have direct deals with some of the major sports leagues. Every country, at the end of the day, comes down to the same thing. How do you engage the community aspect? How do you create engagement?>>>
Sramana Mitra: Your talk of the drone racing league reminds me of Harry Potter and the Quidditch game.
Deepen Parikh: That’s right. I would recommend watching it because it actually does.
Sramana Mitra: Is there anything else that you want to add to enlighten us about your sector?>>>
Entrepreneurs are invited to the 455th FREE online 1Mby1M mentoring roundtable on Thursday, September 5, 2019, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and register to pitch or attend here. Everyone who registers will receive a recording of the event. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
Big data platform Splunk (NASDAQ: SPLK) recently reported a strong quarter. The highlights of the quarter were the strong momentum in cloud revenue and its $1.05 billion acquisition of cloud monitoring company SignalFx.>>>
Sramana Mitra: You have 100,000 users and 50,000 paying subscribers. What is the size of the IT learner market? What percentage of that is learning on your platform in this mode?
Tim Broom: That’s the great news of this business. About $50 billion a year is spent in the learning space. Pluralsight does $400 million and Lynda does $200 million. We’re going to do $12.5 million this year.>>>