Sramana: What kind of private equity investor were you able to bring in to help with Plimus? Hagai Tal: Susquehanna Growth Equity, which is a private equity group, made the investment. They are based in Philadelphia. They bought 50% of the company at a $40 million valuation. We used that money to hire a management
Sramana: Would you describe some of the companies you invested in after you returned to Israel? Hagai Tal: I invested in companies in media payment or social media. I invested in companies only when I felt I strongly understood the direction the market was going. I invested only if I felt I could provide added
Hagai Tal is the CEO of Plimus as well as a serial entrepreneur and active angel investor. He began his career with the Jerusalem Post, where he created their online presence and established their online business strategy during the late 1990s. He then was an early member of JDate.com before heading off to serve as
Sramana: How have you been ramping in terms of customers and revenue? Raghu Raghavan: We are tripling revenue year over year. When we closed our B round in November 2010, we had 70 customers. Today we have 480 customers. We closed 164 customers last quarter and we closed 130 the quarter before. The quality of
Sramana: How important is WebEx to your company today? Raghu Raghavan: WebEx was a source of a lot of our earlier deals, but today it accounts for less than 10% of our business. Coming into the business we had the notion that behavior mattered, so we had good behavioral databases. We also captured a lot
Sramana: You are more than just an email marketing company, and more than a marketing automation company. How do you pitch your product? Raghu Raghavan: If you know what marketing automation is, then we just tell you that we offer marketing automation for everyone. If you understand the value proposition then the pricing is very
Sramana: Did your conversations with Subrah about that WebEx problem set lead you to start Act-On? Raghu Raghavan: We talked about starting a company although I was not sure if it would be a big one or a small one. We started talking to a few of the venture firms in the Valley, and after
Sramana: How were you able to keep Responsys above water when so many of your customers were going bankrupt? Raghu Raghavan: I believe there are two reasons why, and I will explain them with examples. First, by working with eToys we discovered that if a company has a marketing system, it will place tremendous value