Glocal is a podcast on locally incubated global startup success stories.
OpsGenie (featured in Ep.2) is an IT incident management software that was bought by Atlassian for $295M at around 20x revenue multiple (my guesstimate). Below are some of the potential reasons from my conversation with Berkay on Glocal.
OpsGenie centered its attention on people side of things, rather than focusing on predictive models or AI like its competitors. OpsGenie’s model involved everyone in the organization, making it more suitable for Atlassian.
Fully integrating seamlessly with the rest of Atlassian suite, OpsGenie brought efficiency to company operations. OpsGenie team already felt the need to build similar products that are critical for before and after an incident, like Confluence or Jira, but obviously did not have enough resources. …
Still at embryonic stage, Pakistani startup scene is evolving fast as entrepreneurs tackle the country’s vital problems and hustle to make a lasting impact.
The digital revolution enabled Pakistani entrepreneurs to develop innovative solutions to country’s massive challenges like fake pharmaceutical products, access to clean water and stable electricity — certainly the biggest opportunities of the century.
021Disrupt is a testament to the fact that our eco-system in maturing and talented and passionate Pakistani entrepreneurs are enroute to building strong and sustainable companies with innovative and lasting solutions to many of the big challenges of today. …
Contrarian to the general belief, I believe it is critical for seed stage companies to achieve early sustainability in order to have enough runway to pivot as much as needed and experiment with different business models, industries and value propositions.
Almost none of the seed stage startups have the right team, market and product from the get go. Companies go through setbacks as they explore to find the perfect industry and the use case for the technology.
Startups must continuously reinvent the business and pivot to new directions on the basis of feedback from the market.
Started as a mobile best re-engagement time predictor, Botanalytics was fortunate to try different industries before deciding to focus on conversational analytics for bots and customer support. …