Sramana Mitra: So, just give some metrics of how it took off. What kind of numbers were you doing? How long did it take you to get to a million in revenue for example?
Rob Cheng: In the very beginning, we had no revenue model. Revenue was not important at that point in time. It’s much more about how many users you had and whether that was growing. Revenue didn’t matter at all. So we didn’t have any advertisers.
>>>Endiya Partners’ founding team – Managing Director Sateesh Andra, Managing Director Dr. Ramesh Byrapaneni and Director Abhishek Srivastava – talk about their Seed and Pre-Series A VC fund focused on India.
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Daniel Ibri, Co-founder and Managing Partner at Mindset Ventures, talks about his firm’s investment thesis in enabling US and Israeli companies to enter Brazil.
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In case you missed it, you can listen to the recording here:
Sramana Mitra: If you look at your 2018 deal flow, how many deals have you looked at? What are the nuggets you’re seeing that speak somehow to your investment thesis? What are you seeing out there?
Matt Holleran: We make about three or four investments per year and the reason for that is we do a lot of work on the front end. But on the back end, we also take action in areas such as recruiting, partnerships, and feedback.
>>>Sramana Mitra: Let’s talk about a few of your portfolio companies. What have you invested in that you feel really good about? What did you see in these companies that really captured your attention?
You gave us one example to begin with. So give us a little bit more color on these companies that you have chosen to invest in.
>>>Sramana Mitra: Now let’s tie this into the investment strategies that you are following. What kind of cloud companies appeal to you? Of course, you want a venture scale category. That’s table stakes, otherwise, you don’t want to do the kind of investing that you’re doing. But within that, we’re looking at a very mature category. Cloud Apps is a very mature category.
>>>Sramana Mitra: If you were to assess, how many enterprise software companies that fit your thesis are operating in the market currently? What would be that number? Is it like thousands of companies? Tens of thousands of companies? What are we talking about?
Arihant Patni: We definitely have thousands of companies. This is in the enterprise tech space, so to speak. It also depends on what stage we’re looking at.
>>>