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Jay Poe

๐Ÿ‘ค Speaker
133 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

Yeah, so we're actually looking at a number.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

I think Bessemer has been around for a while because we're very conservative on where the money goes.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

And I think in the last year, we have made some investment, but definitely not near as many or as frequent as other firms.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

So although I have been able to work on a lot of great deals and look at some great companies, I think... I think...

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

we've been very conservative, and rightly so, in figuring out which ones we're going to actually pull the trigger on.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

But I think one that I've worked closely with that I think is going to do great is a company called Social Tables, which also is a very unsexy company, but it's within the vertical of hospitality, and it's a management platform for hotels to manage events, manage booking, scheduling, et cetera, within the vertical of hospitality and within a hotel.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

And I think that we've really been trying to find best-in-breed solutions for these verticals.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

And as I said, Procore within the industry of construction, and then Mindbody, which went public, within salon and spa, within beauty.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

I think that's where we really find where we have a lead in terms of vertical software.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

So I would say that's an exciting company that has been recently invested in over the past year or so.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

entrepreneur yeah I think I think dating is a great use case a term to use here because it really is a going forward going back and you know it can go in circles at times so actually I cannot take credit for the investment in this deal because obviously I helped kind of from the sideline at this point given that I was I think 21 at the time and still in college but I think the the

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

The kind of back and forth conversation that takes place is very exciting.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

We do this all day.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

Me as an analyst at Desmer does this all day in terms of being able to understand where the entrepreneur is coming from and also being able to rightly and effectively

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

doing justice to the story on behalf of the entrepreneur.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

And I think that that really can only come out in the best of ways when an entrepreneur is very open, very nice, and very just genuinely interested and believes in his or her company.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

Because I think at that point, it makes it very easy to, you know, balance ideas off of each other, get some feedback, and hopefully bring it to the next level.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

So, you know, at social tables, that is pretty much what happened in terms of, you know, building that relationship from an early stage on.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

You know, these processes take quite some time, months on months.

SaaS Interviews with CEOs, Startups, Founders
EP 99: Will Pinterest IPO in 2016 w/ $4b VC

But being able to bridge that relationship and then having just a very genuine mutual conversation will yield the best result.