Poshmark has come a good distance during the last decade. Launched in 2011, the social trend market has raised upwards of $150 million, and has now listed on the general public markets. It’s valued at $3.5 billion.
However effectively earlier than all of the success, Mayfield’s Navin Chaddha saw the potential, main the Sequence A for the corporate.
On our subsequent episode of Extra Crunch Live, we’ll sit down with Chaddha and Poshmark founder and CEO Manish Chandra to debate going from Sequence A to public firm. (Registration information is on the backside of this submit.)
Chandra is a triple-threat govt. He has levels in advertising, enterprise and laptop science, and is a serial entrepreneur who bought his earlier firm, Kaboodle, to Hearst in 2007. The introduction of the iPhone impressed him to consider the approaching shift in shopper habits, paving the best way for an concept like Poshmark to thrive. As is so typically the case, what appears apparent in hindsight was extremely insightful on the time.
The brilliance wasn’t in any respect misplaced on Chaddha, an entrepreneur in his personal proper. Now, Chaddha leads Mayfield, a agency with $2.5 billion in property underneath administration. Of the 50 corporations he’s invested in throughout his enterprise capital profession, 17 have gone public and 24 have been acquired. In different phrases, it is sensible that he has made an look on the Forbes Midas checklist 12 instances.
We’ll discuss to Chandra and Chaddha in regards to the strategy of fundraising from the early stage to the expansion stage and past. However extra importantly, we’ll discuss how an organization has to adapt with a purpose to achieve success over time.
Plus, Chandra and Chaddha will check out pitch decks submitted by the viewers and provides their reside suggestions. Should you’re questioning the best way to good your deck, there could also be no extra beneficial useful resource than the recommendation of this founder/investor duo. (Additionally, if you wish to submit your deck to be featured on this present, smash this link.)
An necessary word about this subsequent episode: We’re making Additional Crunch Dwell free. People who tune in reside merely need to register and present up. On-demand entry to the content material continues to be reserved to Additional Crunch members solely. The truth is, EC members can take a look at the entire library of ECL content here.
It options tactical insights from people together with Roelof Botha, Mark Cuban, Aileen Lee, Aydin Senkut, Kirsten Inexperienced and extra.