Sramana Mitra: What was the first business that you and your brother launched? Bhavin Turakhia: The first one that we launched together was in late 1998. Sramana Mitra: You said you and your brother did all your businesses together? Bhavin Turakhia: Yes. In many ways, that was the genesis. Before that, we were independently doing
Sramana Mitra: How did you get connected with family offices in the US? Rafael Sweary: I met them while I was studying here in the US. Sramana Mitra: The reason I’m asking you is that it’s an unusual way of financing companies. Family offices tend to not participate in early-stage companies. So, it was basically
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Bhavin and his brother Divyank have bootstrapped Directi, a portfolio of Internet businesses over the last ~20 years. In 2014, they had their first $160 million exit. In 2016, they had a second $900 million exit. It’s a very interesting story of masterful business acumen and
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. WalkMe’s vision is to make software understand humans, rather than the other way around. Rafael discusses the growth story of a company that is driving significant innovation in mobile and web user engagement. Sramana Mitra: Let’s start at the very beginning of your personal journey. Where
Sramana Mitra: Where did you choose to raise your $25 million financing from? In Australia? Ashik Ahmed: Funny story was that every morning, we’d wake up and there’d be an email from some VC. I wanted to focus on growing the business as opposed to getting interested in VCs. In mid-2006, we realized that our
Sramana Mitra: What do you fantasize about? Are you now trying to take the company public or do you want to do some sort of an acquisition? Now that you have private equity in there, you have to do exit. Heidi Jannenga: Yes, we have to do exit, but that was one of the other
Sramana Mitra: When did you start the Gusto partnership? Ashik Ahmed: That was between late 2013 and early 2014. Sramana Mitra: How much did you do in 2014? How would you attribute that to Xero, Gusto, and your direct selling efforts? Ashik Ahmed: The challenge with partnerships is that, at the start, you get a
Heidi Jannenga: One big lesson that we learned was that valuation is important, but it’s not the most important thing. The terms of the deal are the most important. People can give you valuation but at the end of the day when it comes to the contract, it’s really about the terms. Even on a