By guest authors Irina Patterson and Candice Arnold Irina: In your work as an angel investor, what are your daily challenges? Venktesh: Well, there’s one company that I really like, and they have a technology which they claim is breakthrough. In concept on paper it looks great, but all the people and all the big
By guest authors Irina Patterson and Candice Arnold Irina: Would you consider investing in a $20 million niche market? Venktesh: Yes. If it’s a $20 million market and somebody owns a decent chunk of the company and the valuation is, within two years of investing in it, let’s say, $4 million. The company gets acquired
By guest authors Irina Patterson and Candice Arnold Irina: How many proposals do you receive per month? Venktesh: It’s hard to tell, but so far I think we have received 60 to 70 proposals over the past three months. Irina: Out of those, how many deserved a closer look? Venktesh: Well, what we do is
By guest authors Irina Patterson and Candice Arnold This is the thirty-fifth interview in our series on financing for entrepreneurs. I am talking to Venktesh Shukla, chair of TiE Angels. TiE Angels is an angel investment group formed by charter members of TiE Silicon Valley, the flagship chapter of TiE organization globally. TiE global is
By guest authors Irina Patterson and Candice Arnold Irina: What do you think entrepreneurs could do to be more successful? Dave: That’s very specific to the entrepreneur, depending on his or her experience and background. But one of the things I would encourage entrepreneurs to do is find trusted advisors; in particular, find trusted board
By guest authors Irina Patterson and Candice Arnold Irina: What is your biggest investment success to date? Dave: In my career? It probably would be SuccessFactors. When I invested in that company, it was a small team. A SaaS business, just a little over $2 million in revenue. I think the valuation was in the
By guest authors Irina Patterson and Candice Arnold Irina: How do you help entrepreneurs if you get a chance to know them better? Dave: If we got very far along in the process and didn’t for some reason decide to invest, or the entrepreneur didn’t decide to pursue with us – or vice versa –
By guest authors Irina Patterson and Candice Arnold Irina: What do you think in terms of returns? Dave: Every company we get involved in, we’d like to believe has the potential to be worth $1 billion someday. The multiple over time is not important to us. What’s important is the scale of the venture and