Sramana Mitra: What happened? She left to go to Cisco? Devdutt Yellurkar: She built the company and the company got acquired by Cisco. It was a massive exit. She is now part of Chuck Robin’s executive team. Sramana Mitra: What is the name of the company? Devdutt Yellurkar: It’s called Accompany. Sramana Mitra: Tell us
Devdutt Yellurkar: I came across this company in Copenhagen. At that time, Twitter had just launched. We were one of the first investors in Twitter. Twitter Search had just launched. I went and searched on Twitter for sentiment around Zendesk. All I found was just pure love. Everybody was saying very positive things about it.
Sramana Mitra: Contrarian thinking is what builds the defensibility. Just to counter your point about what people are writing about, we have podcasts and roundtables. We’ve had hundreds of investors come and discuss their investment thesis the same way you are doing. It’s actually interesting that some are willing to take the velocity risk as
Sramana Mitra: I’ve known George Zachary for a long time. When I started One Million by One Million, he was one of the people who wanted to invest. I’ve had interactions with CRV for many years. What is the current fund size? Devdutt Yellurkar: Fund 17 is a $600 million fund. Sramana Mitra: What check
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Devdutt Yellurkar was recorded in July 2018. Devdutt Yellurkar, General Partner at CRV, discussed his investment principles. It was an excellent discussion! Sramana Mitra: The first thing I’d like to do is
Sramana Mitra: If you start with the intent of doing that, that addresses some of those issues. My last question is, you have talked about Checkpoint at the beginning. Checkpoint is a relatively older investment of USVP. How about newer investments? What are you really proud of and why? What is it about those companies
Sramana Mitra: You invest in both healthcare IT and cybersecurity and your partners invest more in the life sciences angle of it. Dafina Toncheva: Correct. I actually invest in cybersecurity and enterprise applications, mostly business process automation for various verticals. Sramana Mitra: I know everybody is talking about AI and Blockchain. If you look at
Sramana Mitra: Let’s build on that and understand your geographical preferences. Are you investing only in Silicon Valley or are you investing more broadly? Dafina Toncheva: When it comes to cybersecurity, we like Israel a lot. It’s an area that we have been investing in for 20 years. Sramana Mitra: There are lots of great