{"id":3560,"date":"2017-02-16T18:53:29","date_gmt":"2017-02-16T18:53:29","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/cervin-ventures-unveils-new-56m-fund-aimed-at-the-future-of-the-enterprise-stack.html"},"modified":"2017-02-16T18:53:29","modified_gmt":"2017-02-16T18:53:29","slug":"cervin-ventures-unveils-new-56m-fund-aimed-at-the-future-of-the-enterprise-stack","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/cervin-ventures-unveils-new-56m-fund-aimed-at-the-future-of-the-enterprise-stack.html","title":{"rendered":"Cervin Ventures unveils new $56M fund aimed at the future of the enterprise stack"},"content":{"rendered":"


\n<\/p>\n

Cervin Ventures<\/a>, under the direction of Preetish Nijhawan and\u00a0Neeraj Gupta, is announcing its latest $56 million fund. Built on the success of previous angel and micro-venture portfolios,\u00a0Cervin is targeting seed-stage startups across the enterprise stack \u2014 running the full gamut of infrastructure, data and software.<\/p>\n

Both\u00a0Nijhawan and\u00a0Gupta come from operational roles.\u00a0Preetish Nijhawan helped start\u00a0the now-public Akamai Technologies<\/a> that specializes in cloud services. His partner, Neeraj Gupta, founded and ran\u00a0Cymbal Corporation to exit before joining the executive team at the acquiring Patni, aka\u00a0IGATE Corporation, an enterprise services company now run under Capgemini<\/a>.<\/p>\n

Every VC firm aims to differentiate itself by adding value to its portfolio companies; Cervin is no different. But where the firm really stands out is\u00a0in its ability to appreciate large exits without fetishizing the \u201chome run.\u201d In non-VC speak, this means that, while\u00a0Cervin would certainly love\u00a010X+ exits from its portfolio, it\u2019s willing to meaningfully support companies that wind up a bit shy of those metrics.<\/p>\n

\u201cThere are many ways to skin this cat,\u201d explains Nijhawan. \u201cIn the traditional VC model there\u2019s a pyramid, lots of failures and then a few massive outcomes that account for most of the return. Instead\u00a0we just have a diamond,\u00a0lots of 3-5X companies and a few 10X.\u201d<\/p>\n

This might send red flags to seasoned investors that abide by 10X as a form of religion, but\u00a0the model can work with the right strategy. A 3X return on an investment for a billion-dollar fund fails to move the needle and could easily be categorized as a failure, but with a $50-$100 million fund, the economics\u00a0are a bit more forgiving.<\/p>\n

In their previous funds,\u00a0Nijhawan and\u00a0Gupta invested in companies like\u00a0Zephyr<\/a>, a solution for test management, and SnapLogic<\/a>, a tool to help enterprises connect cloud enterprise apps. Both of these companies have gone on to raise significant follow-on capital.<\/p>\n

Moving forward, the firm is cautious about hype in VR and AI. There won\u2019t be very many platform winners in virtual reality, and most of the money will be made from content. They further argue that artificial intelligence should be seen as a necessary part of every service, and the right question to ask AI founders is \u201cwhat else do you do?\u201d<\/p>\n

As\u00a0Cervin Ventures starts making more investments,\u00a0Nijhawan recommends founders follow the traditional paradigm and get a warm intro from portfolio executives and friends of the firm. Of course, he was sure to elaborate that his firm is \u201cyoung and hungry\u201d and is willing to look at everything that comes its\u00a0way.<\/p>\n

<\/p>\n

Featured Image: Patrick George\/Getty Images<\/small><\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/kFzqEBEFuCY\/<\/p>","protected":false},"excerpt":{"rendered":"

Cervin Ventures, under the direction of Preetish Nijhawan and\u00a0Neeraj Gupta, is announcing its latest $56 million fund. Built on the success of previous angel and micro-venture portfolios,\u00a0Cervin is targeting seed-stage <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-3560","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t