Sramana Mitra: A couple of points to add to what you said is, I started seeing a bit of an inflection point in Utah after Omniture. Omniture was a very visible success out of Utah. Omniture went public. Adobe acquired Omniture. That has been the milestone. The other thing, from a trend point of view
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ron Heinz was recorded in May 2017. Ron Heinz, Founder and Managing Director at Signal Peak Ventures, a venture firm operating mostly in the Rocky Mountain corridor, discusses what’s happening in Utah, as well
If you have the stomach for it, the metal to carry on, the energy to bootstrap to a point where either you CAN get funded, or generate enough revenues and become profitable, we can help.
Just because you have been rejected by VCs doesn’t mean you cannot build a great business. Marc Benioff was rejected by pretty much ALL the VCs he approached. Didn’t stop him from building Salesforce.com into a multi billion dollar enterprise with global impact.
What is your business model? Do you have one, or is it TBD? Is it Freemium?
Do you know the difference between a business model and an exit strategy? Are you building a business that has a real, viable business model? Or are you trying to do an Instagram?
What is TAM? Perhaps, the biggest factor in whether a VC funds you or not. TAM = Total Available Market. Note: Top Down TAM doesn’t matter. You need to present a Bottom-Up TAM Analysis. And to get funded, that TAM needs to be very large. Billion. Two billion. Ten billion.
What have you been doing for the last six months? Chasing customers? Chasing Investors?