Today’s 351st FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, May 4, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!
Sramana Mitra: You have, yourself, generated a huge amount of capital at this point through a couple of exits. You had an all-cash exit of $160 million plus a $900 million exit. That’s a lot of cash. You don’t really need to go anywhere for cash. You have plenty of cash. Culturally and strategically, in
Entrepreneurs are invited to the 351st FREE online 1Mby1M mentoring roundtable on Thursday, May 4, 2017, at 8 a.m. PDT/11 a.m. EDT/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
Sramana Mitra: Any other businesses that you want to talk about? Bhavin Turakhia: After that, I started two more — Flock and Zeta. Flock is in the enterprise and team messaging space, and Zeta is in the payment space. I started Zeta with a co-founder in India, and the business is currently largely managed by
Sramana Mitra: What scale did you get to with that business before you exited? Bhavin Turakhia: In the public domain, we exited that business at a valuation of $900 million to this consortium of investors in a public company in China. This happened in August of 2016. It was the third largest ad tech deal
In case you missed it, you can listen to the recording here:
During this week’s roundtable, we worked on two ventures. Perconvly First, Ricardo Martinez from Miami, Florida, pitched Perconvly, a firm that advises businesses on Facebook Advertising. Nuro Then, JR Smith from Prague, The Czech Republic, pitched Nuro, a secure messaging platform. We also went through another set of video tutorials: Do NOT Dilute Too Much
Sramana Mitra: In parallel, you started other businesses. At what point did you start the next line of business besides web presence? What was the thinking behind that? What were the circumstances? Bhavin Turakhia: In 2007, we started dabbling in the online advertising business using a brand called Scenzo. My brother started operating that business.