Sramana Mitra: Help me rationalize what’s happening right now in the market regarding late-stage valuation bubbles. We have two kinds of bubbles in the startup venture world. One is in the seed capital. In 2013, 70,000 companies were angel-financed. That’s too much actually. It’s great that they got angel-funded, but then if you look at
Sramana Mitra: This time around, are there any surprises in the product market fit process? You repeated the same process, I imagine. Gaurav Dhillon: The same thing but with a twist. With Informatica, the timing was spot on. The change was happening in a big way. Year 2000 was coming. From the time we raised venture
Sramana Mitra: Can you talk about what made that a successful transition? What did you do as a founder? What did your new CEO do as the incoming CEO? Obviously, it has been a successful transition since you’re working with this person for a while. Ross Mason: A few things. Bringing someone new in is
Sramana Mitra: Ann actually told me that the person who first mentioned MuleSoft to her was an industry analyst from the banking sector who had heard that several banks were using MuleSoft. He told her about you and that’s when she started investigating and liked what she saw. Ross Mason: I’m actually trying to remember
Sramana Mitra: You decided to come back to London? Ross Mason: Yes. On the way back, we went through the Pacific Islands. My wife said, “Let’s stop in San Francisco because we haven’t seen it. You talk about it a lot.” When I landed in San Francisco, there was this conference JavaOne, which was very
Ross bootstrapped Mulesoft with a paycheck and also with services. Now, the company has raised over $130 million—the last round at an $800 million valuation. Very interesting story! Sramana Mitra: Let’s start at the very beginning of your personal journey. Where are you from? Where were your born and raised? Ross Mason: I was born