Minjar

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the Neon Show 24

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the Neon Show 24

every mention on every show, scene by scene, with the transcript →

8 statements about Minjar, every show

NEON SHOW What-if
Rayapati: Minjar founders sacrificed millions to ensure early investors were paid
“Me and Anand could have made like a couple of more millions each if he had optimized, but Anand was also very clear that, you know, look, we should be because when nobody trusted us, these people really trusted us.”
Vijay Rayapati Sep 1, 2023 ▶ 1:24:48 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Assertion Not checkable as stated
Rayapati: Minjar doubled Nutanix's initial acquisition offer in one week
“And but we could get from whatever that initial X value to two X value. Yeah. You know, in that short one week of negotiation.”
Vijay Rayapati Sep 1, 2023 ▶ 1:23:26 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Insight
Rayapati: Founders should never name their acquisition price first
“So I learned, you know, in the process, I learned, you know, you never put the, Number on the table because you know there are like a lot of stories of founders saying, you know, how, and how much under value, you know, they do for their own company, right?”
Vijay Rayapati Sep 1, 2023 ▶ 1:21:48 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Insight
Rayapati: Founders should not reveal acquisition talks to employees early
“I genuinely, I believe as founders, ah, you know, when you have this acquisition opportunities, if you tell your team very early, ah, if the deal doesn't happen, ah, it will create like so much of negative energy because people will think maybe we are not wort…”
Vijay Rayapati Sep 1, 2023 ▶ 1:19:40 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Disclosure
Rayapati: Minjar rejected an $18M buyout before raising at $11M valuation
“Before Bloom decided to put money, we had an opportunity to sell the company for eighteen million. But we took money from Bloom for, like, less than 12,000,011 million.”
Vijay Rayapati Sep 1, 2023 ▶ 1:09:58 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Disclosure
Rayapati: Minjar rejected a $5 million term sheet from a US VC
“After that, we got one term sheet for five million. Again, we said no, we didn't take that... So we had one of the US VC who wanted to put five million but me and Anand were got little scared thinking, man, what do you do with five million, right?”
Vijay Rayapati Sep 1, 2023 ▶ 1:09:08 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Assertion Not publicly verifiable
Rayapati: Minjar crossed $3 million in ARR before acquisition
“So, so we crossed three mil. We crossed three mil... Before acquisition.”
Vijay Rayapati Sep 1, 2023 ▶ 1:07:13 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati
NEON SHOW Disclosure
Rayapati: Minjar raised under $250,000 in total equity funding
“Initially we raised less than a 100,000 dollars in Angel. And after that we raised you know, another 150,000 dollars. So that's the all money that we raised”
Vijay Rayapati Sep 1, 2023 ▶ 58:58 Selling His Company To A US Public Company (Nutanix) And Now Building Atomicwork, Vijay Rayapati

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