Today’s 505th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, October 15, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. PASSWORD: startup All are welcome!
Today’s 505th FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, October 15 at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. PASSWORD: startup All are welcome!
According to a Research and Markets report, the global cloud computing market is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025 at a CAGR of 17.5%. The research reveals that the Covid-19 crisis has accelerated digital business transformation as organizations, educational institutions, and government agencies are all looking to cloud-based solutions and services. Enterprise cloud computing player Nutanix (Nasdaq: NTNX) is reaping the benefits of this growth.>>>
Sramana Mitra: It sounds like you’re going after the midmarket.
Aman Mann: Yes. I don’t think anybody is still clear what the midmarket is as the economy grows. But I would call our space the midmarket.
Sramana Mitra: How do you define that? Are we talking $10 million to $500 million companies?>>>
According to a report by Peerism, freelancers could represent 80% of the global workforce by 2030 compared with the current estimated 35%-40% of the workforce. The ability to work remotely and the current economic conditions are accelerating the freelance worker requirement across industries. Organizations like Upwork (NASDAQ: UPWK) are seeing increased adoption of their services.>>>
Sramana Mitra: Social Starts and Joyance Partners are two separate funds. What are the fund sizes?
Mike Edelhart: We are about $70 million all in. We will be more than doubling in size. We are investing out of Social Starts fund four which is just under $20 million. Social Starts is about $50 million all-in across the funds.>>>
Procurement and spend management software has gained good adoption in the enterprise.
Here, we discuss the mid-market situation for the sector.>>>
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Mike Edelhart was recorded in August 2020.
Mike Edelhart, Managing Partner at Social Starts and Joyance Partners, shares some fascinating developments from their portfolio, especially a healthcare startup that is thriving in the COVID-era.>>>