The Enterprise Cloud Space
Original Air Date: October 29, 2018
Today on Entrepreneur Effect we are joined by Matt Holleran, General Partner at Cloud Apps Capital Partners. Most seed rounds these days are about $2 million, but if you’re a startup, especially in the enterprise cloud space, what can you accomplish with that amount? Not much. If you're attempting to solve weighty problems for business, the product offering requires the help of experienced, high-quality engineers who don’t come cheap. Add to that marketing and sales needs, and the costs add up fast. On the flipside, CEOs and senior executives from enterprise cloud companies that have had successful exits are constantly approached by startups requesting angel/seed money. These CEOs don’t always know how best to respond to the opportunities presented to them. It may be flattering, and the promise of a return on your investment can be enticing, but is it worth it? Cloud Apps Capital Partners is a leading venture capital firm in the cloud business application market at the Classic Series A stage. Matt Holleran has 12 years of operating experience in successful business application companies including Salesforce.com, 12 years of venture capital and private equity experience, and a highly relevant network. He has walked in the shoes of founding teams at each stage of a business application company’s development — no customers, initial traction, scaling the team, market leadership, and global expansion. Matt has a BA in engineering and economics from Dartmouth College and an MBA from Harvard Business School.