Arvind is an experienced entrepreneur who was able to raise $15M on a concept to solve a big problem. Since then, Glean has been abundantly funded, generates abundant revenue and has become a legitimate Unicorn. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born and
Unicorn is a startup with an estimated valuation of over $1 billion. More than 1000 unicorns exist today. Snowflake, Atlassian, ServiceNow are examples of startup unicorns. They’re massive, multi-billion dollar publicly traded companies now. Yet, they all started as an idea, took one step after another, grew in size, and so on.
Sramana Mitra: One of my observations is lots of stuff have already been built. Nowadays, there aren’t so many wide open opportunities, especially in B2B that you can consistently build billion-dollar companies. There are many niche opportunities. Some of these businesses need to be built for very small amounts of capital – $1 million to
Cindy Padnos: We structure our seed investment with, at most, three other co-investors, but typically have one co-investor. We think it’s really important to be investing with like-minded investors. It’s also a bit dangerous to have a very large fund writing a small check into your seed round. It’s a significant signaling risk if that fund
Sramana Mitra: I have a specific question that relates to our community. We have a global base of entrepreneurs. Very often, entrepreneurs have their development teams elsewhere, whether it’s India, Eastern Europe, or other parts of Europe, but they’re aware of the fact that if they’re going for enterprise customers, North American customers are the
Sramana Mitra: Let’s flip that question around. Now that you have been in this business for a while and you have an investment thesis, what are you looking for? Can you pinpoint where do you want to invest in? What kind of industry trends and segments of the B2B space are of particular interest to
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Cindy Padnos, Illuminate Ventures was recorded in September 2017. Cindy Padnos, Founder and Managing Partner at Illuminate Ventures, discusses a topic that we’ve been highlighting recently: the need for multiple seed rounds as a
Sramana Mitra: In some cases, the newsroom analogy is probably not the right analogy. Think about a toothbrush brand. That’s now news-oriented. If you think about how to do content marketing for those kinds of brands, it’s a very difficult problem. Ashu Garg: In the newsroom analogy, I’m using the word very loosely. It’s the