Sramana Mitra: Two of my favorite unicorn companies are Veeva and Fortinet. These are multi-billion dollar market cap companies. Veeva, in its entire history, raised $7 million in capital of which $4 million was not necessary. They just had so much revenue and momentum. It was basically a company built with revenues and traction. Fortinet
Sramana Mitra: Can you talk to me a bit about how you view TAM? I’ll give you the context of where I’m coming from in asking this question. We are in April 2018. Lots of stuff have already been built. Nowadays, there aren’t as many wide-open opportunities out there to build these billion-dollar TAM businesses.
Sramana Mitra: When did you invest in this company? Vivek Ladsariya: This was a round that was announced in January. It was completed late last year. Sramana Mitra: It’s already acquired? Vivek Ladsariya: That’s correct. Sramana Mitra: What’s the total amount of funding to exit ratio? How much did you put in and how much
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Vivek Ladsariya was recorded in April 2018. Vivek Ladsariya, Partner at SineWave Ventures, talks about the firm’s investment thesis, as well as trends in the industry. Sramana Mitra: Let’s start by introducing
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Mackey Craven of OpenView Venture Partners was recorded in January 2018. Mackey Craven, Partner at OpenView Venture Partners, discusses what Series A VCs are looking for in the realm of software investments. We talk
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with John Frankel of ff Venture Capital was recorded in December 2017. John Frankel, Partner at ff Venture Capital, discusses the firm’s investment thesis as well as key trends in the industry. Sramana Mitra: Tell
Sramana Mitra: We actually do a lot of work with bootstrapped entrepreneurs partly because our mission is to help as many entrepreneurs be successful as possible. I can tell you the vast majority of these entrepreneurs should not be raising money. They just don’t have the TAM to do a VC-funded company. The truth is,
Sramana Mitra: There are a few issues with what you said. At a 30,000 foot level, what you said is true. When you start peeling the onion and poking in the guts of that statement, there are lots of issues. One is, if you are looking for somebody to write you a check based on