1Mby1M Virtual Accelerator Investor Forum: With Ashmeet Sidana, Chief Engineer at Engineering Capital (Part 6)

Sramana Mitra: Talk about areas in which you are looking for companies.

Ashmeet Sidana: There are two recent trends that I have observed and have started talking about. One builds on an old trend that data is the new oil. This is where data is an important commodity that drives businesses like Google, Twitter, and Facebook.

516th 1Mby1M Entrepreneurship Podcast With Padmaja Ruparel, Indian Angel Network

Padmaja Ruparel is Co-founder, Indian Angel Network and Founding Partner, IAN Fund. The Indian startup eco-system has grown tremendously, and IAN has contributed heavily in that evolution.

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1Mby1M Virtual Accelerator Investor Forum: With Vishesh Rajaram, Managing Partner at Speciale Invest (Part 4)

Sramana Mitra: There are a lot of SaaS platforms that are entrenched in enterprise workflow and they have a lot of customers. The one that you are talking about is going after customers that are deeply entrenched in Zoom for example.

To what extent is a company like this leveraging that deep penetration of another platform? How close is the partnership with Zoom for example? 

1Mby1M Virtual Accelerator Investor Forum: With Ashmeet Sidana, Chief Engineer at Engineering Capital (Part 5)

Sramana Mitra: A few weeks ago, I talked with an old friend of mine who I’ve known for 20 years. His name is Murli Thirumale. He’s done several startups in the storage space. He built Portworx and sold it to Pure Storage. Pure storage is like an old storage company that was a hardware company that is trying to go from hardware to software.

They are trying to climb up the stack and the Portworx acquisition is perfect for their mode of going up the stack. I was telling Murli, “You guys should do Platform-as-a-Service so that you can be considered the center of innovation at that layer.”

1Mby1M Virtual Accelerator Investor Forum: With Vishesh Rajaram, Managing Partner at Speciale Invest (Part 3)

Sramana Mitra: What about companies that are uniquely Indian? What about enterprise software that is facing the global market? India is facing e-commerce and the whole digital commerce world. What about categories or styles of companies that are uniquely Indian? Is that on your radar?

Vishesh Rajaram: If they are on the enterprise side, they will be on our radar. The Indian enterprise market is still early. I think the SMB market and their ability to pay is still early in the Indian market.

1Mby1M Virtual Accelerator Investor Forum: With Ashmeet Sidana, Chief Engineer at Engineering Capital (Part 4)

Sramana Mitra: The motivation for the infrastructure layer, whether it’s storage, security, or networking, is not very different. Timeline-wise, it’s behind. Let’s play out the argument with me for a second.

For an application layer SaaS company that has achieved $200 million ARR by selling one product, there are a lot of companies in the $100 ARR range with one product. They do not have to move out of that one product and broaden the portfolio to be a successful public company that goes to $1 billion in revenue.

1Mby1M Virtual Accelerator Investor Forum: With Vishesh Rajaram, Managing Partner at Speciale Invest (Part 2)

Sramana Mitra: What was the second company? What sector was it in?

Vishesh Rajaram: I’m not going to name the second one too much. This is a company that was developing tools to enable developing 3D and VR content for e-commerce. They were acquired by a large retail e-commerce group. 

Sramana Mitra: Also in India?

Roundtable Recap: January 28 – Cool Trends, Exciting Startups

During this week’s roundtable, we had as our guest Ken Elefant, Partner and Co-founder at Sorenson Ventures, talking about trends and investment thesis.

Biogreen Biotech
As for entrepreneur pitches, up first we had Mohammed Sadiq from Bangalore, India, pitching Biogreen Biotech, a company that is already generating serious revenue and wants to scale. Very interesting company!

Deepiotics
Next, Seshu Kanuri from Apex, North Carolina, pitched Deepiotics, an AI-based medical diagnostics company that is starting to see customer engagement. Exciting field, exciting company!

If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page.

You can listen to the recording of this roundtable here:

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