Sramana Mitra: Let’s get back to the story. How much did your raise from Sequoia and when was that? Zvi Guterman: In early 2008, we raised $5 million. This was our A round. Later on, we did another $10 million. Later we added another $10 million. Sramana Mitra: In terms of customer acquisition and customer traction,
Sramana Mitra: Let’s also understand how you apply the learnings you had in your previous company when you started this one. What did you do differently? How did you navigate funding? Zvi Guterman: It was clear to me that the first market was going to be the US market. As soon as possible, I moved
Sramana Mitra: That’s part of an entrepreneur’s life – lots of no’s. Zvi Guterman: Yes. That was my first startup out of Israel. We did a lot of mistakes. One of them was staying in Israel. At least, that was my belief. We were far away from the market. That was one challenge. The second
Zvi has built a $25M a year in profitable revenue with $20M in venture capital from Sequoia and other investors. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background? Zvi Guterman: I was born in a small village