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Apr 2018
26m 10s

SaaStr 171: How To Figure Out Your Prici...

SAASTR
About this episode

Chetan Puttagunta is a General Partner @ NEA, one of the world's largest venture capital firms in the world with over $3Bn in their latest fund and a portfolio including the likes of Mulesoft, Jet.com, Uber, Houzz and many more incredible companies. As for Chetan, Chetan focuses on enterprise software and has made investments in MuleSoft, MongoDB, Elastic, Heap, just to name a few. Due to his phenomenal track record, Chetan has been named to GrowthCap's Top 40 under 40 Growth Investors, Forbes 30 under 30 All-Star Alumni List, and Forbes' 30 under 30 in Venture Capital. 

In Today's Episode You Will Learn:

  • How Chetan made his from the world of leveraged buyouts to the world of enterprise VC investing with NEA?
  • Why does Chetan have such conviction with regards to open source companies today? Why does he feel the big question of "Can open source product multi-billion dollar companies" has been proven"?
  • How does Chetan think about the underlying business models of open source when comparing the likes of Red Hat with 85% gross margin to Hortonworks at negative gross margins? What does Chetan believe is a healthy ratio between professional services vs closed premium features? Does Chetan believe this is the end for per seat pricing in SaaS?
  • How does Chetan approach market sizing today when evaluating potential enterprise opportunities? Why does Chetan believe there is a mental trap in the VC requirement for large markets? How can founders present the niche market they are attacking, in an exciting enough way to satiate the investor appetite for large market?
  • Chatan has said before, "if you have conviction and vision, you should not be afraid to raise capital and go big". Does every founder not have conviction and vision in the early days? How does Chetan determine when truly is the right time to pour fuel on the fire and raise that mega war chest?   

60 Second SaaStr?

  1. A moment in Chetan's life that has changed the way he thinks about the world?
  2. Fave SaaS reading material?
  3. What does Chetan know now that he wishes he had known at the beginning?

Read the full transcript on our blog.

If you would like to find out more about the show and the guests presented, you can follow us on Twitter here:

Jason Lemkin

Harry Stebbings

SaaStr

Chetan Puttagunta

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