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Chetan Puttagunta
Benchmark
@chetanp
@benchmark investing at seed/ series a
SF
linkedin.com/in/chetanputta…
Joined March 2009
1,397
Following
105.7K
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  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Apr 16, 2020
    Extraordinary leadership from CEO of Outback Steakhouse (Bloomin' Brands): Sales down ~60% No furloughs or layoffs (90,000 employees) CEO & board pay cut to 0 Free meals for staff "Our priorities have centered on taking care of our people and serving food in a safe environment"
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Sep 1, 2020
    Zoom's market cap today ($133B) is higher than Cisco's market cap in 2011 when Eric Yuan left Cisco to start Zoom. This is after Cisco rejected his idea of a new video conferencing app.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Dec 14, 2019
    JetBrains, a Prague based developer tools company behind IntelliJ, in 2018: $270M revenue/ 33% growth $100M net income/ $134M free cash flow 6M users/ 405k customers $0 raised since founding in 2000 The developer tools market is enormous and can enable impressive businesses.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Jul 11, 2020
    Watching stocks you don’t own go up everyday
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Aug 9, 2020
    Twitter buying TikTok for $30B in 2020 after shutting down Vine in 2016 to save on costs would be a case study for the ages.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Oct 10, 2019
    MathWorks, the company behind MATLAB and Simulink: $1B+ revenue in 2018 4M+ users 4,500 employees Profitable every year since founding in 1984 $0 capital raised "Niche" enterprise software markets can lead to substantial and lasting businesses.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Jun 21, 2020
    If you're wondering what your indian dad wants for father's day, he wants you to go to medical school.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Jul 15, 2020
    There are an estimated 750 million users of Microsoft Excel in the world and Satya Nadella (CEO) has called it the best consumer product Microsoft has ever made.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Jan 31, 2020
    Amazon AWS: $40B revenue run-rate Grew 34% annually 67% of Amazon's operating income Microsoft Azure: Est. $20B revenue run-rate Grew 62% annually & accelerating Tracking to be Microsoft's largest business soon Remarkable. Two $1T companies are driven by cloud infrastructure.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Oct 19, 2019
    MuleSoft, acquired for $6.5B in 2018: - Took 6 years to reach $10M revenue - Revenue grew less than 100% every year except 1 - Burned $7M to go from $110M to $188M revenue - Burned $4M to go from $188M to $297M revenue Efficient growth is highly valued in enterprise software.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Jan 27, 2021
    Not calling it a bubble until GameStop buys Apple for $2.5 Trillion
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Jul 8, 2020
    Can't go to India this summer, so this will have to do
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    Dec 2, 2019
    At ~$60M of revenue: Workday: 54% software/ 46% services Veeva: 53% software/ 47% services At ~$800M of revenue: Workday: 78% software/ 22% services Veeva: 81% software/ 19% services Professional services are sometimes needed to scale software revenue with enterprise customers.
  • user avatar
    Chetan Puttagunta
    Benchmark
    @chetanp
    May 9, 2020
    I can already tell I'm going to be irritated next week when everyone learns how to pronounce "'X Æ A-12" and still struggle with "chetan"