Billion Dollar Unicorn Splunk (NASDAQ: SPLK) recently announced its third quarter results that outpaced guidance for the 27th consecutive quarter. Splunk may have initially been launched as a machine generated data analytics platform, but today it has expanded into several diverse areas. It remains focused on becoming “the ubiquitous machine data platform, the standard in every organization” in the field of IT operations and application delivery, security compliance, fraud management, business analytics, and the Internet of Things.
Entrepreneurs are invited to the 427th FREE online 1Mby1M mentoring roundtable on Thursday, January 10, 2019, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 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.
Sramana Mitra: Let’s talk about your definition of seed. What do you like to invest in stage-wise? I’ll pre-qualify that question by giving you some context. At least in Silicon Valley, seed has fragmented into pre-seed, seed, post-seed, pre-Series A, small Series A, and then the traditional Series A. How does it look like from your point of view and the European landscape?
Spencer Crawley: This week, I’ve heard seed two, mango seed, seed extensions. The semantics have gotten imaginative. I think for us, we set up the fund to be deliberately opportunistic. By that I mean we invest in the best founders anywhere, whilst having and holding deep thesis across a number of areas. We really wanted to be able to be agile and back founders wherever we see them. >>>
According to a recent report, the global talent management software market is estimated to grow 18% annually to $29.7 billion from $7.9 billion in 2017. Talent management software provides HR teams with the ability to control and manage various aspects of HR actions and helps them maintain employees’ details. One such provider is San Francisco-based Reflektive that is trying to gamify the process of employee appraisals and feedback. >>>
Over the last decade and more, I’ve had the privilege of working with a large number of bootstrapped entrepreneurs. These include self-financed companies and also modestly capitalized startups that operate in a capital-efficient manner applying the principles of bootstrapping. [You can review my Bootstrapping course on LinkedIn to review these.]
For our Seed Capital series of podcasts and blog interviews, I’ve interviewed hundreds of investors, especially micro-VCs and angels who are playing in the early stage game.
I’ve asked all of them the following questions:
George Spencer, Senior Managing Director at Seyen Capital, invests in SaaS companies, mostly in the Midwest, from a small fund out of Chicago. The interview contains an excellent discussion on ideal levels of capitalization for good exit prices.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Spencer Crawley was recorded in November 2018.
Spencer Crawley is Co-Founder of Firstminute Capital, based in London and focused on European startups.
Sramana Mitra: Tell us about your firm and yourself.
Spencer Crawley: We’re a new seed fund. Obviously, that’s what the world needs – more seed funds. We’re based in London. We launched the fund in the summer of 2017. We’re a $100 million fund. We’re backed, predominantly, by tech entrepreneurs. We have about 50 founders of technology businesses invested in the fund. >>>
According to Crisil, online grocery in India is expected to grow between 65-70% annually to $1.4 billion by 2020. According to market intelligence provider Kalagato, BigBasket leads the online grocery market with a 35.2% share followed by rival Grofers at 31.5% and AmazonNow at 31.2%. >>>