SM: How much money did you raise? ZR: We raised about $42M from Accel and Accel KKR in June of 2000. We also had a couple of private Silicon Valley luminaries who invested in the Company. Eric Schmidt, the CEO of Google is an investor. Mark Andreesen, who co-founded Netscape, is also an investor. The
SM: Where are you now in terms of size, market landscape, positioning? ZR: Model N right now is a leader in revenue management in the life sciences and semiconductor verticals. The life sciences market is a more complicated market. It is segmented into medical device and biotechnology. These are two distinct markets. The company has
SM: Besides culture issues, can you talk about the business strategy decisions that helped you survive the perfect storm? ZR: A big key for us was maintaining focus. When we started the company, our two first deals out of the gate were $2M each. Then the perfect storm happened, and we could complain about it.
This is going to be the last segment for this series on Incubators in India, and it tackles the key to making such incubators work. We have said, that we need concept engineering, engineering management, product marketing, sales, biz dev, legal and financial talent in the incubator management team. I am going to, therefore, propose
Siva Kumar emailed me a great article on the state of Venture Capital in Silicon Valley, in response to my VC-Entrepreneur Compensation Disbalance piece. I suggest you read the article, but here are some sharp excerpts: :: It’s not that venture firms are destitute. They’ve got plenty of base hits. But the home runs are
Someone asked me earlier about Kosmix in one of the discussions on this blog, and I had said that I hadn’t looked at the company yet. Well, now I have, and I am happy to bring you a conversation with Venky Harinarayan on the genesis and direction of vertical search startup, Kosmix. SM: Please describe
SM: How did you penetrate the market and get early traction? YB: Since there was very little competition in the field, being so relevant and unique our content was quickly picked up by Google and we’ve successfully conquered top positions for relevant keywords. In addition, the uniqueness of the site, combined with our close relations
SM: Where did you get the idea for your current venture? What is your domain experience in the segment? YB: Like any other consumer out there, I had a hard time finding relevant and updated support information for my products, and therefore decided to create this site. As for experience in the industry, I have