Sramana Mitra: That’s not entirely fair. These are not ERP solutions; they are best-of-breed solutions as well. Adam Miller: Well, they used to be. SM: They’re not ERP solutions. They’re best-of-breed talent management solutions.
SM: OK. What was the evolution of those situations? AM: Typically in these private equity rollups of software companies, they’re not all that effective. The top talent will leave right away. Those two companies still exist [but] neither is competitive in the marketplace today. SM: OK. All right. Those are on the private equity side,
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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 This is the thirty-second interview in our series on financing for entrepreneurs. I am talking to Dave Whorton, the founder of Tugboat Ventures, an organization of investors who see themselves as not “venture capitalists” but rather as “mentor capitalists,” closer in spirit to the approach pioneered by
In the SaaS talent management space, Taleo is expanding with its acquisition of Worldwide Compensation. SuccessFactors has yet to make such a move, but I had suggested earlier that it could roll up a smaller company like Salary.com. Let’s take a closer look at these two players’ recent performances.