Hot in Enterprise IT/VC - What's 🔥 in Enterprise IT/VC #246
What's 🔥 in Enterprise IT/VC #246ABR - always be recruiting + some great research on why 💰 continues to pour into enterprise
So when a friend told me about a $21M seed round in Israel, I was 😲 but not so much as when it comes to fundraising for enterprise startups, it's never been more competitive and the stakes keep going higher. In this market when one 🤔 it can’t get any frothier, the co-founder of Nutanix and his former SVP engineering just launched a newco with a $50M seed round, yes a $50M seed round 🤯. Sounds like a big idea with a great team but 🤔 what milestones does one focus on with that much capital in the bank (TechCrunch). I’ve always been a believer that necessity is the mother of invention. When it comes to 💰 and fundraising, the next question for every company is hiring. This past week like every week, many of my conversations with founders centered on talent. While many companies have challenges finding the best people on a timely basis, some seem to do it better than others. Given the continued flow of capital into the enterprise sector, here’s a reminder why not every company will succeed 👇🏼 So while hiring, culture and retention is a deep topic, I can say that some of the best founders I’ve worked with are always thinking about hiring well ahead of where they need folks. The best hires start with who you bring on the cap table from day one as advisor or angels as many of the best founders and investors are super focused on surrounding the team with the “right village” of day one folks who have seen a step or two ahead of them. I can’t tell you how many times these “sounding boards” end up as a great source of talent through their connections or even potentially joining themselves. The second thing that some of the best founders also do is randomly reach out on LinkedIn to folks they may not know, who have the ideal profile of a candidate they would love to hire. Yes, this includes founders of companies that have raised >$100M! I know LinkedIn is a wasteland but I can confirm that several key exec hires in the portfolio were found through this method. Bottom line, think well ahead of when you need talent, cultivate those relationships, and leverage each node to meet more folks and you’ll be surprised at what you can accomplish. As always, 🙏🏼 for reading and please share with your friends and colleagues. Scaling Startups
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What's 🔥 in Enterprise IT/VC #245
Saturday, July 10, 2021
Enterprise infra is sexy!
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Saturday, July 3, 2021
Reminder of what matters in the early days of an OSS project
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A Confluent of events with 🔥⚡and ❄️ shows why Data Space on 🔥
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Impacts of IRL on fundraising 💰...
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