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Keith : So from 2003 to 2013 before I joined Khosla Ventures, I was a pretty active angel investor in Silicon Valley. I’m not sure I’m at productmarket fit yet. Let’s shift now to the dynamics, or rather the stages of the startup, right? What’s the smallest deal you’ve done? I have an idea.
Keith : So from 2003 to 2013 before I joined Khosla Ventures, I was a pretty active angel investor in Silicon Valley. I’m not sure I’m at productmarket fit yet. Let’s shift now to the dynamics, or rather the stages of the startup, right? What’s the smallest deal you’ve done? I have an idea.
You created a category, you’re presumably the market share leader in the category, and now your job is to make sure you stay that way. Market your category leadership. Thus, paradoxically, you likely would have been “dead right” as a BI vendor if you rejected the inclusion of financial planning in 2003. [10]
So, I joined Google early on in 2003. We had probably a handful of customers we’re still going through, like productmarket fit, but super early on. And as I said, it’s just been fantastic to see the opportunity in the market and so forth. Dan O’Connell: Yeah. It’s funny. So it’s funny.
We sold that to IBM in 2003, and it was a fantastic experience. So, at the end of that day, as a leadership team, we gathered and we said, as horrible as today is, there are lessons that we will take from today. We built that business to about $800 million. That was perpetual license software. It makes a huge difference. Setting goals.
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