Benjamin Narasin, Founder and General Partner at Tenacity Venture Capital, discusses his AI investment point of view.
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Today’s 662nd FREE online 1Mby1M Roundtable for Entrepreneurs is starting in 30 minutes, on Thursday, November 7, at 8 a.m. PST / 11 a.m. EST / 5 p.m. CET / 9:30 p.m. India IST. CLICK HERE to join. PASSWORD: startup All are welcome!
Sramana Mitra: So, if you’re comfortable disclosing, how much money did you raise during that ten-year period from 2010-2020, and what kind of exit did you get, numerically?
Lance Newhauser: We ended up raising about $35 million for 4C specifically from 2010 to 2020. There was some debt layered on top of that as well. The final price tag on 4C was $170 million.
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When we spoke in 2015, Edifecs Founder Sunny Singh had built a very interesting healthcare IT company, overcoming serious challenges. Inspiring story of a bootstrapped success.
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?
Sunny Singh: Give or take, I’ve spent half my life in the US and half my life in India. I grew up in India and finished my undergraduate studies there. Then, I came to the US at the age of 23 to do a couple of Master’s programs. I did three jobs and then started Edifecs in 1996.
Sramana Mitra: How did you address this complex sales cycle issue? Because that could really block velocity.
>>>If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.
When we spoke in 2015, Cliff Johnson and his co-founder had bootstrapped Vacasa to scale in the crowded vacation rental space. Vacasa was acquired by Oasis Collections in 2018 and became a publicly traded company in 2021.
Sramana Mitra: Let’s start with the very beginning of your journey. Where were you born, raised, and in what kind of background?
Cliff Johnson: I actually have a fairly unique background, at least for the US anyway. I was born in New Jersey. I’ve lived there until about I was 12 and then moved to a small farm town in Missouri where we had an 80-acre farm. I learned a lot of different skills out there. That was my initial upbringing. My dad is a welder pipefitter.
Meta (Nasdaq: META), formerly Facebook, announced its quarterly results last week that outpaced market expectations. But Meta’s plans to continue to increase capex spending during the year, caused its stock to fall 3% in the after-hours trading session.
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