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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
Funding Working Capital for Small Businesses: Kabbage CEO Marc Gorlin (Part 6)
Sramana: What has been the financing structure of your business? Where does the capital come from, and how did you put the pieces together to create this business? Marc Gorlin: It has been different at different times. In many ways it was harder to raise our first $25,000 than it was to raise our last
Funding Working Capital for Small Businesses: Kabbage CEO Marc Gorlin (Part 5)
Sramana: How many customers do you have, and what is the nature of their use of Kabbage? Marc Gorlin: We have north of 65,000 customers. Not all of them are active at one time. We put out north of 30,000 advances. That is one of the things that is unique about our platform. You have
Funding Working Capital for Small Businesses: Kabbage CEO Marc Gorlin (Part 4)
Sramana: What is the formula for calculating how much money people can get against their recievables? Marc Gorlin: That is part of our secret sauce. However, it takes into account various data sources and different sources have different values. Nobody, unlike any other financial institution, gets turned down solely based on their credit score. We
Funding Working Capital for Small Businesses: Kabbage CEO Marc Gorlin (Part 3)
Sramana: What did you do after VerticalOne? Marc Gorlin: I went back to the recruiting firm I had, and I also helped a bunch of startups in the interim. I also looked at deals in Atlanta for some investors as well. It was a good time to focus on family and real estate and do
Funding Working Capital for Small Businesses: Kabbage CEO Marc Gorlin (Part 2)
Sramana: When you had those initial conversations, what was the consensus on identifying a company-building opportunity? Marc Gorlin: The concept was to take a worldwide known brand, PGP, and turn it into a product that corporations could buy to protect their digitally sensitive information. It was not something that you would normally see done because
Funding Working Capital for Small Businesses: Kabbage CEO Marc Gorlin (Part 1)
Marc Gorlin is the co-founder of Kabbage and a serial entrepreneur. In 1996 he was a co-founder of Pretty Good Privacy (PGP) and oversaw the financing and eventual sell of PGP to Network Associates in 1997. After PGP Marc co-founded VerticalOne, a content personalization service that was sold to S1 Corporation. Marc is also a
From Australia to Silicon Valley: Leigh Jasper’s Amazing Journey with Aconex (Part 7)
Sramana: What percentage of your business is in the U.S. today? Leigh Jasper: On a bookings basis it is around 15% and growing fast. Within a couple of years, I think it will be the biggest part of our business. The U.S. market is just very large. We have 35 offices globally with 400 people.
From Australia to Silicon Valley: Leigh Jasper’s Amazing Journey with Aconex (Part 6)
Sramana: You have moved to San Francisco and raised institutional financing from local VCs. Based on my knowledge of the industry, there is obviously a game plan here, and my inclination is to believe it is a roll-up game plan. Do you plan on rolling up another $70 million to $80 million of revenue by
