categories
HOT TOPICS
- The Accelerator Conundrum
- The Startup Velocity Question
- Platform as a Service
- Man and Superman
- Web 3.0 = (4C + P + VS)
- The Future: End of Capitalism
- Capitalism 2.0
concept financing
Concept Financing from Andreessen Horowitz: Andrew Rubin, CEO of Illumio (Part 6)
Sramana Mitra: Venture capitalists and even seed investors do not fund concepts. We say this to our entrepreneurs in the program all the time. You have to get to a business. You have to get to some level of validation with your product before people are willing to write big checks. Andrew Rubin: I think
Concept Financing from Andreessen Horowitz: Andrew Rubin, CEO of Illumio (Part 5)
Sramana Mitra: What are the nuggets of what you were going to do differently and how you were going to do them differently? Andrew Rubin: Very simply put, our industry has been dominated by hardware- and network-based solutions for over 20 years. It doesn’t mean that it’s wrong. It’s just that it was the singular approach. Our
Concept Financing from Andreessen Horowitz: Andrew Rubin, CEO of Illumio (Part 4)
Sramana Mitra: When you started to get this thing off the ground, anecdotally and structurally, what were the next steps? Andrew Rubin: PJ and I probably first had to figure out whether or not we like each other enough to spend more time together. I know that sounds silly now in hindsight, but when you
Concept Financing from Andreessen Horowitz: Andrew Rubin, CEO of Illumio (Part 3)
Sramana Mitra: What did you do in the Valley? Andrew Rubin: In every sense of the word, people talk about luck, timing, and fate being not everything, but an important part of the story. Sramana Mitra: It’s a very big thing. Andrew Rubin: It’s an incredibly important part of the story in my case. While
Concept Financing from Andreessen Horowitz: Andrew Rubin, CEO of Illumio (Part 2)
Sramana Mitra: What year does this bring us up to? Andrew Rubin: It was in 1998 that I graduated from university. Sramana Mitra: How long did you work in the first job? Andrew Rubin: I stayed in my first job for under five years. Sramana Mitra: This brings us to about 2003 then? Andrew Rubin:
Concept Financing from Andreessen Horowitz: Andrew Rubin, CEO of Illumio (Part 1)
Concept financings are extremely rare in the industry these days, but here is a story of an entrepreneur who did raise $8 million on a concept from Andreessen Horowitz. Sramana Mitra: Let’s start at the very beginning of your story. Where are you from? Where were you born, raised, and in what kind of background?
Concept-Financing $8.5 Million: Gaurav Rewari, CEO of Numerify (Part 7)
Sramana Mitra: How do you do that? What’s your algorithm for doing that? Gaurav Rewari: Sometimes, it just comes from within. Sometimes, it’s through talking to people who’re willing to tell you things you don’t want to hear. For us, one of those was, “Make sure we crack this product market fit.” All too often,
Concept-Financing $8.5 Million: Gaurav Rewari, CEO of Numerify (Part 6)
Sramana Mitra: Do you have to deploy any kind of professional services to do that? Gaurav Rewari: Just upfront for that period of three to five weeks. After that, the customer generally becomes self-sufficient unless there are some new modules that they want to start. Sramana Mitra: Each deal is what? Several million dollars? Gaurav
