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Gary Edwards

Founder: Majority of VC firms are talking 'complete hogwash' - Business Insider - 0 views

www.businessinsider.com/alking-complete-hogwash-2016-5

Vineet-Jain Egnyte Google-Ventures

shared by Gary Edwards on 17 May 16 - No Cached
  • Gary Edwards on 17 May 16
     
    "Venture capital (VC) firms will go to great lengths to convince the most promising tech founders to accept their deals so they can get their hands on that all-important slice of equity. Some of them will offer introductions to important people in their network, while others will offer hardcore engineering support and a cool place to work. The very best advice, swanky dinners, and even the odd CEO retreat are also up for grabs if you sign a term sheet with us, they might say. But Vineet Jain, CEO and cofounder of cloud storage firm Egnyte, which has raised $62 million (£43 million), believes many VCs overpromise. Speaking to Business Insider by phone on Tuesday, Jain said: "Most VC firms say we give you more than money. That's complete hogwash." Egnyte, which competes with Box and Dropbox, has been backed by Google Ventures, the venture capital arm of Google, and Kleiner Perkins, a well-known Silicon Valley investor with billions at its disposal. Jain, whose company is based over the road from Google in Mountain View, was quick to say that Google Ventures is unlike many other venture capital companies. "They were instrumental to us," he said, adding that the firm helped Egnyte to improve its web user interface and assisted with the company's marketing efforts. Egnyte has also integrated its cloud storage platform - used by 15,000 companies - with Google's own cloud platform, Google Drive. Unlike Box and Dropbox, who have raised $558 million (£385 million) and $1.1 billion (£760 million) respectively, Egnyte is on target to be cash flow positive by the third quarter of this year. "I refused to have a free version of Egnyte," said Jain. "Look at where I am today.""
Gary Edwards

Egnyte Partners With Microsoft, Expands Egnyte Alliance Partner Program - 0 views

www.tomsitpro.com/...rosoft-partnership,1-2859.html

Vineet-Jain Egnyte

shared by Gary Edwards on 06 Feb 16 - No Cached
  • The first part is a wide-ranging integration agreement with Microsoft. This will bring Egnyte up to the level of desktop and mobile integration of similar EFSS tools. Specific functionality includes Web-enabling Egnyte file viewing and editing with Office Online, along with embedded full save-as and open-from dialog box functionality in desktop tools (Office 2013) and Office for Mobile (iOS, Windows Phone and Android).
  • Although the Microsoft integration is covered by a single announcement, the level of development and QA effort was significant and required various teams, as there exists multiple Office code bases across the various client and server platforms, in the case of Office Online.
  • The program offers deeper API-level integration hooks, process-aware timings, new professional services and support commitments, as well as vertical industry-oriented solutions.
  • ...1 more annotation...
  • Launch partners include Smartsheet, FotoIN and cloudHQ. Existing integration partners Salesforce.com and Google are committed to this as well.
  • Gary Edwards on 06 Feb 16
     
    "As reviewed by Tom's IT Pro, Egnyte's enterprise file sync solution has three aspects: Cloud File Server,  Storage Sync and Storage Connect. The alliance/partnership announcements further demonstrate Egnyte's serious intent to compete for the higher-value enterprise market, with unique capabilities fostering expansion beyond commodity-based storage into a hybrid data access platform as communicated by Egnyte's CEO, Vineet Jain."
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