Sramana Mitra: How do you process unicorn mania? Are you chasing unicorns? Rami Elkhatib: No, not really. Our entry point is either the Series A or Series B. In a Series B scenario, we come in and lead a Series B only if there is a situation where a company has awesome technology but is
Sramana Mitra: What trends do you see? If you look back on the 2017 calendar year, what have you seen in your deal flow that you can synthesize as key trends? Rami Elkhatib: I’ll answer this in two parts. As we are focused on enterprise software, we look at trends that have been persistent for
Sramana Mitra: What about geography? You are based in the Bay Area, right? Rami Elkhatib: Yes, our office is in Menlo Park. The example I just gave you started out as an East Coast investment. The new CEO that we recruited is in the Bay Area. Then, the CEO built the management team around him
Rami Elkhatib: We had been interested in the area of security, specifically application security. We found a fantastic technical team. We found the deep IP and the fantastic product. When we closed that Series A, we had a full product and a full technical team. I hope that illustrates where we tend to be a little
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Rami Elkhatib of Acero Capital was recorded in February 2018. Rami Elkhatib, General Partner at Acero Capital, talks about his investments in companies that require a longer development cycle. As you know, 1Mby1M often
Sramana Mitra: Switching gears to the business model, it sounds like it’s a regular SaaS business model. What kind of average deal sizes are you seeing? Are you focused on the large enterprises or is this also mid-market? Where is the target audience? Greg Besner: The wonderful part of culture and engagement is the diversity
Sramana Mitra: You mentioned that there were a few things that you zeroed in on. You had very good access to validate your idea. In fact, your decision to start this company came out of people coming to you on this topic. What were those nuggets around which you built the product? Greg Besner: Let
Sramana Mitra: So CultureIQ begins in 2009? Greg Besner: No. CultureIQ was started in 2013. Sramana Mitra: Let’s jump to the CultureIQ beginning. What was the concept? Why did you start CultureIQ? What problem were you going to solve? Greg Besner: I would say that the interest in culture was from being involved with Zappos.