It’s been almost 10 years since Salesforce.com filed for IPO, on June 23 2004. And with a 56.4% gain in initial trading, it was the first genuine indicator of the huge monetisation potential in software-as-a-service (SaaS).
Much like love and hate, a fine line exists between great entrepreneurship and good old-fashioned con artistry.
With the announcement of Nest’s acquisition by Google for $3.2 billion last week, the entire technology industry was thrown into hypergear deliberating why there was such a high price placed on something that appeared to be so simple.
Venture investor John Dougery has twice as much money to invest from Inventus Capital’s new $106 million fund but he plans to remain focused on early stage services startups in the U.S. and India.
Aside from its focus on service businesses, Inventus stands out as its partners are extremely well connected in India. They believe that entrepreneurs will benefit from forming closer alliances with key decision-makers and executives in the region.