Hot in Enterprise IT/VC - What's 🔥 in Enterprise IT/VC #290
What's 🔥 in Enterprise IT/VC #290Story of survival + success from the Dotcom crash - how Greenplum sold to EMC + eventually IPOed as Pivotal
Looking at my Twitter feeds and texts this week, and VC after VC has offered their version of gloom and doom advice. So rather than rehash the basics which amounts to make cash runway last to infinity, let me share a story of resiliency, a pivot, and a success story from the Dotcom crash and some lessons learned. Here’s the 🧵 and hope this gives founders an opportunity to see that good things can happen if you survive through the worst of times. So many tweets about why it's a great time to start a co + it is, but let me share 1 of survival + success from the dot-com crash - how @Greenplum pivoted, sold to EMC + IPOed as Pivotal
Hope is founders will come out more resilient, investors more patient + ecosystem healthier They had a few large paying customers but the market crashed + for an infra startup, the world stopped. The company skinnied down to a core team of engineers + bought time
It was rough, brutal, but the founders survived by doing consulting work for data analytics projects Read the 🧵 for the rest! And just finished reading Amp it Up by Frank Slootman and it’s super short and full of so much advice. If you finish my thread above, you’ll see one of the biggest reasons companies run out of cash is premature scaling before PMF. This is a good sign you have PMF 👇🏼 Reminder to be honest about when to scale your sales - when folks are pulling back could be a good time to get market share but also could be deadly In other news, join Shai Goldman from Brex and I to discuss the State of the Markets next Tuesday at 12pm ET - it will be a Q&A so come with questions and register here. Also, my firm, boldstart ventures will be hosting Kelsey Hightower, developer advocate guru for a Q&A on June 2 at 12PM ET. Register here As always, 🙏🏼 for reading and please share with your friends and colleagues. Scaling Startups
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What's 🔥 in Enterprise IT/VC #289
Saturday, May 14, 2022
Why lead investors matter + simple portfolio triage for seed investors
What's 🔥 in Enterprise IT/VC #288
Saturday, May 7, 2022
Stay calm and carry on, growth at all costs is over, the prudent ones can keep building 🏗️
What's 🔥 in Enterprise IT/VC #287
Saturday, April 30, 2022
Building in a 🐻 market and getting ahead while you have the 💰
What's 🔥 in Enterprise IT/VC #286
Saturday, April 23, 2022
Miami 🌴 Tech Week 🔥 - some observations - need more founders!
What's 🔥 in Enterprise IT/VC #285
Saturday, April 16, 2022
Developer first & PLG founders - quality before quantity, no 🪄number to get to Series A
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