girsubra

Tamil Nadu Election Update + Russian View.

Wishing Trisha a happy birthday on behalf of tamilnadu . youtu.be/nA1qfPJ_B64?si…

IPL branding idea : Tinder / Hinge (whatever youth of today like ) should brand singles. I can fully hear Inane English commentary saying that is another tinder single , that is looking to mingle with any on the go 4 , or is looking for the perfect angel 6 on the side.

It is never too late to be what you might have been !

Can you help me here ? @LGUS

@LGUS can you help get the receipt of a service that i did with lg service center . Your chat bot , live chat support agent is all useless

@BoredCricket catching up on news . Looks like Samson is continuing the rich tradition of #ThankyouSachin. After so many years

Founders should know the sobering reality for enterprise SaaS venture funding today. Here’s the math. Say you’re a $1M ARR company raising a Series A with a classic 33222 growth expectation. That gets you to $72M in 5yrs and say $250M in 8yrs. By then you’re usually growing <<50% and the public markets might give you a 7x or $1.75B, if you can even go public. If you get $10M at $100M post-money for the A, that’s a 17.5x and maybe 10x after dilution. That would be ~33% IRR and $10M invested becomes $100M. In the venture model, you have to outperform the SP500 which is 15% and a Google which is 25%. Here, with perfect execution, a lot of work, time and risk, you get 33% in a near optimal (95 percentile) case. And usually, you expect 7/10 things to not work out: execution risk, market size, competition. Plus, this math is for a Series A. You need investors to underwrite even more growth at the B / C / D. It’s really hard to see this sort of deal driving fund returns. Now, of course, there’s tons of caveats. You could pay less than $100M post, try to grow faster, do pro rata to avoid dilution, stay private longer etc, but the point remains. There might be exceptional growth stories like Databricks, Snowflake and Applied Intuition, but most deals look like what I described. In a previous time, SaaS multiples were higher in public (20x), entry valuations were lower ($30M) and the money you needed to hire talent was lower ($150k). You could get 100% IRR before. Now, it’s harder than ever to justify investing here, unless they are true outliers.

@complicateur Wickedly brilliant movie this one. Great writing in my opinion . I am surprised this was accepted as a festival - comedy movie by and large .

@complicateur In a twisted way, it makes me want to watch it . Anyway movie watching is also like friends rerun only . 20 mins at a time . So it will take 2 weeks or so to complete . Will let you know my impressions

TTT is one of the more devastatingly sad Tamil movies I’ve seen in a while.

Kantha was quirky and fun . Dulquer has good taste.

First time my parents have been exposed to the Halloween culture in my Bangalore apartment . They have truly taken it up . Dad keeps telling this is “kummati.”

😭😭

Finally caught Lokah in theatres - superb . Best movie experience since maaveeran

Perhaps we exaggerate our concerns too much. If we don't interfere with them, maybe things will go well.

Oh , didn’t know . Still the point remains !

With kiliye kiliye being rediscovered now , reinforces the belief that in 100-200 years from now , only memory of our times would be Ilayaraja ‘s music . All of the rest of us are easily forgettable .

@sidin What is the definition of done ?

@girsubra Doing a sprint tomorrow.

Any updates on this @sidin