Disclosure certainty 4/5 debate potential 1/5

Nexus VP invested a $1M seed in Postman pre-incorporation

Jishnu Bhattacharjee · Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman · Oct 26, 2020 · at 22:00

Nexus Venture Partners MD Jishnu Bhattacharjee describes discovering and leading the initial seed round in API platform Postman.

0:00 / 0:21exact quote · 21.2s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“We did the first, very first investment when it happened, it was just a seed. In fact, the company was not even incorporated, if I'm not mistaken. Then they, we put in some seed money. They came in to our office, we're in Bangalore, where they started working in And then kind of like, you know, I mean, one thing led to the other. It was just like, you know, we gave a one million seed”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Jishnu Bhattacharjee

Assertion Not checkable as stated
Nexus VP claims Postman's customer acquisition cost is zero
“Like, I mean, our CAC is zero customer acquisition cost is zero.”
Jishnu Bhattacharjee Oct 26, 2020 ▶ 30:47 Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman
Opinion
Bhattacharjee claims Postman brought consumer-grade network effects to enterprise software
“See, I think this is the first time probably any company in the world I know of has brought in this concept of network effects into enterprise software.”
Jishnu Bhattacharjee Oct 26, 2020 ▶ 44:10 Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman
Insight
For startups like Postman, ARR is a lagging indicator
“I definitely think that for most of the companies like Postman for us, ARR is a lagging indicator. Like we, among all the metrics that drives the company, I will definitely say that in, in most cases, it's not the ARR, which is the main goal.”
Jishnu Bhattacharjee Oct 26, 2020 ▶ 54:37 Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman
Prediction Held up
Several Indian tech startups will IPO by late 2022
“I think, you know, you will see several companies, several IPOs for companies being built out of India in the coming, you know, let's say, 12 to 24 months.”
Jishnu Bhattacharjee Oct 26, 2020 ▶ 17:32 Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman
Assertion Not checkable as stated
Postman grows 3x profitably and generates cash without growth spend
“And of course, like, you know, I mean, the company is growing without spending any money. I mean, you know, I don't know very many companies which grows like, you know, three X profitably. You know, without, without like kind of, you know, generating cash rath…”
Jishnu Bhattacharjee Oct 26, 2020 ▶ 44:20 Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman
Insight
Two to three co-founders is the optimal startup founding team size
“I find that, you know, two to three people team are probably the best beyond that it become like one is maybe, maybe too few and beyond three sometimes becomes a challenge.”
Jishnu Bhattacharjee Oct 26, 2020 ▶ 1:06:34 Jishnu Bhattacharjee, Managing Director, Nexus VP on the success recipe of Druva and Postman
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 300 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.