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Top Hat Raises $22.5M Series C in a Tough Vertical: What Can We Learn from their Success

Version One Ventures

Our portfolio company Top Hat just closed a $22.5M (USD) Series C round. And selling to institutions requires a long sales cycle. Union Square Ventures – one of our favorite co-investors – added to Top Hat’s existing investors and USV’s Albert Wenger joined their Board of Directors.

Vertical 132
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Finding new Market Opportunities in Food Business: A Case Study of GOPA Pakistan

Where to Play

Their root lies in a small ice-cream manufacturing and sale unit which was established back in 1988. In 2000, they included tentage into their portfolio and since then they have established themself as a premium brand in marriage event management. Time to revenue is low due to short transactional volume and the short sale cycle.

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Money Doesn’t Talk. Why Most Startups Aren’t Announcing Their Seed Financings

Hunter Walker

And my sense is the trend carries outside of our portfolio these days. Word of mouth spreads faster and sales cycles are shorter. Not because they’re all operating in stealth or pre-product – in fact some already are earning $1m+ in revenue per annum. What’s changed?

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My Life as a CEO (and VC): Chief Psychologist

Both Sides of the Table

Matt Blumberg, who runs one of Fred’s portfolio companies, Return Path, follows up with an additional three : Don’t be a bottleneck (make sure you aren’t holding up people’s work). How can I hit my quota selling to Deutsc he Bahn – their sales cycles are so slow! It doesn’t seem fair.

Ireland 319
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Flyability: safe drones for inaccessible places

Where to Play

As for the challenge, the firm already had the know-how for developing the drone, and estimated both the implementation obstacles and the time to revenues as ‘mid’, taking into account the distribution requirements and the length of a sale cycle. The overall challenge was therefore estimated as ‘low-mid’.

Agile 54
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Snyk: How Freemium Can Help Your Start-up Grow from Series A to $2.6B in 30 Months

Cracking the Code

With COVID, we’re getting into a world with tighter budgets and likely longer sales cycles. How can a product-led sales motion help in the current environment, and how important is a freemium model to drive product-led growth? Guy: To give you more context, at Snyk, we have this interesting combination of user and buyer.

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Why an investor rejection isn't a knock on you

Hippoland

The best way to assess what VCs actually like is to look at their portfolio. 3) Your business model seems flawed OR is not the right fit I talked a lot about unit economics and sales cycles in my last post. In order to bootstrap your way to success, it largely means you need high margins and fast sales cycles.