If you have been bootstrapping and think you are ready for investors, you need to learn how investors think. First, please study our free Bootstrapping course and Investor Introductions page. Then start looking for entrepreneur – investor fit. Today I introduce you to Matt Holleran. Matt Holleran, General Partner at Cloud Apps Capital Partners, talks about his firm’s investment thesis
Sramana Mitra: If you look at your 2018 deal flow, how many deals have you looked at? What are the nuggets you’re seeing that speak somehow to your investment thesis? What are you seeing out there? Matt Holleran: We make about three or four investments per year and the reason for that is we do
Sramana Mitra: Let’s talk about a few of your portfolio companies. What have you invested in that you feel really good about? What did you see in these companies that really captured your attention? You gave us one example to begin with. So give us a little bit more color on these companies that you
Sramana Mitra: Now let’s tie this into the investment strategies that you are following. What kind of cloud companies appeal to you? Of course, you want a venture scale category. That’s table stakes, otherwise, you don’t want to do the kind of investing that you’re doing. But within that, we’re looking at a very mature
Sramana Mitra: Let’s say a company in your portfolio has reached a certain level of critical mass, let’s say $50 million in revenue. They want to acquire other SaaS companies that may be able to give them a second or third product that is adjacent, and can leverage the channel. How do you think about
Sramana Mitra: I’m going to ask you something based on what we just talked about with your background as the head of platforms at Salesforce.com. My assessment is that there are probably a couple of hundred SaaS companies at this point that are doing upwards of $50 million in annual revenue.
Sramana Mitra: It is very refreshing to hear that you’re willing to do a $4 million to $5 million round on pure team and concept and no line of code. But the truth is, most of the micro VC’s who are doing B2B SaaS are looking for product-market fit. Some are looking for a certain
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Matt Holleran as recorded in February 2019. Matt Holleran, General Partner at Cloud Apps Capital Partners, talks about his firm’s investment thesis in what he calls Series A. His is one of