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Building a Healthcare Company from Rhode Island: ShapeUp CEO Rajiv Kumar (Part 7)

Posted on Sunday, Mar 30th

Sramana: What has your overall financing strategy been for the business? I know you raised $1.3 million in your early angel rounds. Have you raised additional funds? Rajiv Kumar: We raised $8 million dollars during our first Series A, and this past fall, we did a $5 million Series B. Sramana: Where are you in

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Buliding a Venture Scale Analytics Platform Company: Birst CEO, Brad Peters (Part 4)

Posted on Saturday, Mar 29th

Sramana Mitra: Was the seed that you got enough to get you to the next milestone or did you have to raise? Brad Peters: We raised seed financing before we started. We couldn’t afford to make the mortgage payment without a little bit of seed financing. We got a little bit of seed financing from

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Building a Healthcare Company from Rhode Island: ShapeUp CEO Rajiv Kumar (Part 6)

Posted on Saturday, Mar 29th

Sramana: Was the transition process contentious or was it something that happened naturally? Rajiv Kumar: It was not contentious, although it was not easy. Change is hard, but it felt like the right thing to do. The ideas I was presenting and my evangelism were compelling. It took some planning, but I was impressed with

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Buliding a Venture Scale Analytics Platform Company: Birst CEO, Brad Peters (Part 3)

Posted on Friday, Mar 28th

Sramana Mitra: What did you do in 2005 when you started this company? Brad Peters: We needed to do two things. We had to get some funding because we didn’t have personal savings to be able to survive very long. We needed some seed capital. We spent a lot of time thinking through markets where,

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Building a Healthcare Company from Rhode Island: ShapeUp CEO Rajiv Kumar (Part 5)

Posted on Friday, Mar 28th

Sramana: What were some of the interesting challenges you faced when raising VC money? Rajiv Kumar: What Brad and I decided to do while we were raising our venture round was to return to school and get our medical degrees. We felt that we should be able to do that and have a growing, successful

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Buliding a Venture Scale Analytics Platform Company: Birst CEO, Brad Peters (Part 2)

Posted on Thursday, Mar 27th

Sramana Mitra: You were at Siebel through that acquisition? Brad Peters: No, I wasn’t. You could see the writing on the wall. Analytics was exploding. We were doing really well, but the rest of the company was not doing so well. It was actually shrinking. You could tell that the company was on a collision

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Building a Healthcare Company from Rhode Island: ShapeUp CEO Rajiv Kumar (Part 4)

Posted on Thursday, Mar 27th

Sramana: Was there any kind of targeting or segmenting that you were doing when approaching enterprises? Rajiv Kumar: Absolutely. We had a very specific approach for employee wellness. We learned that it was an uphill battle for companies that did not believe in employee wellness to begin with. If they were not already investing in

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Buliding a Venture Scale Analytics Platform Company: Birst CEO, Brad Peters (Part 1)

Posted on Wednesday, Mar 26th

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page.  Birst’s beginnings had many of the same principles that we espouse in 1M/1M, engaging customers in paying relationships early on being the foremost. Today, the company has raised four rounds of venture capital, and is growing fast as a regular Silicon Valley-style pre-IPO company. Sramana Mitra:

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