Whether yours is an established business looking to grow or a start-up with a fantastic idea, investors are key. In fact, when investors and businesses team up, the sky’s the limit. Here are three inspiring stories to show just how productive a business/investor partnership can be.
Cooking With CrunchBase
CrunchBase is platform that pulls industry trends, news, information, businesses and investors together all in one place. Its comprehensive global reach includes individual business and executive profiles, such as that of Cary Kochman, and small business start-ups all the way up to Fortune 500 companies.
Using a variety of measurements, CrunchBase comes up with a list of finalists every year for its annual Crunchies Award. The 10th Annual Crunchies Finalists list includes a wide range of companies, people, investors and start-ups. June, one of the finalists, is an example of how innovative founders and savvy investors worked together to give customers a way to cook at home with restaurant-quality performance.
The intelligent oven includes cameras, sensors and a host of control options that take the guesswork out of making dinner. The press, including the Wall Street Journal, took notice. None of this would have been possible, however, without investors. Investors so far have provided total equity funding of $29.5 million. That’s nothing to sneeze at.
The Trouble with Datasets and Spreadsheets
If the thought of business intelligence — analyzing data to make informed decisions – turns your stomach, you’re not alone. Compiling and analyzing data is a job typically left up to expert analysts and takes months — way too long when decisions have to be made on the fly. Solving that problem was exactly why developers created ThoughtSpot software.
ThoughtSpot makes mining data as easy as a Google search. To users, it’s easy, anyway. Type in your query and you get instant results. The technology behind ThoughtSpot, however, is far from simple. In fact, it’s extremely complicated. As ThoughtSpot co-founder and CEO explains, “We create a win-win scenario for both groups — business people get data instantly to make decisions, while analytics teams can focus on more advanced analyses.” That’s precisely why investors flocked to ThoughtSpot. By May 2016, investors served up $50 million. Collegis Education and Bed, Bath & Beyond are already among ThoughtSpot’s clients. The company plans to use investor money to further development and research.
Small Business Financing the BlueVine Way
BlueVine is a small business financing company that’s making waves. CEO and founder Eyal Lifshitz says, “BlueVine is delivering unprecedented ease and convenience to meet SMB owners’ financing needs and help them achieve their goals.” Initial investors were so impressed with BlueVine’s accomplishments and growth trajectory that many became repeat contributors, most recently to the tune of $49 million. Total investor funding to date is a whopping $113 million.
The company business model isn’t so different from other lending programs, but the company and its founders do one thing better than most. They are masters at pitching their goals and ambitions. Their enthusiasm, expertise and insight give them an edge with investors.
June, ThoughtSpot and BlueVine are three different entities in three different industries that prove the business/investor relationship is one of the most powerful ways to find success.