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
Sramana Mitra: What about geography? Do you invest all over the United States or just in the two locations where you are located? Vivek Ladsariya: We have companies across the US. We are also looking for companies outside the US. We have looked at companies coming out of Israel and Latin America. Sramana Mitra: Let’s
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