Navin Chaddha, entrepreneur, investor and leader of the Mayfield Fund invests in early-stage IT companies that leverage the themes of mobile, cloud/SaaS, social, energytech and big data. Some recent Mayfield investments include Appcelerator, Branchout, Couchbase, Fab.com, Gigya, Marketo, Solarcity, and StorSimple. Navin has made over 35 investments of which 11 have had IPOs and another nine have been acquired. Navin was founder and CTO of VXtreme which was acquired by Microsoft to become Windows Media, and served in various management roles at Microsoft after the acquisition. He was also co-founder of iBeam Broadcasting (NASDAQ IPO), CEO and founder of Rivio (acquired by CPA2Biz). Mayfield Fund is a global venture capital firm with $3 billion under management and a history of investing in relationships. They invest early and globally in themes including mobile, cloud/Saas, social, energy and big data.
I have been involved in the technology industry for 20 years as a serial entrepreneur, corporate executive and investor. There are some key rules of the road that have guided my journey and these are especially relevant in the current era when the social Web is dominant, mobile platforms are ubiquitous and consumers are demanding simplicity. As an entrepreneur, I believe that living by some core beliefs is key to leading teams and building companies that last. Here are a few of my fundamental beliefs, illustrated with examples from the entrepreneurs that we are working with.
The Customer is Queen:
Actively listening to your customers and rapidly iterating to reflect customer needs has never been so important. From a vendor of cloud-integrated storage appliances to a mobile fashion marketplace, Mayfield Fund entrepreneurs like Ursheet Parikh and Guru Pangal of StorSimple and Manish Chandra of Poshmark, who constantly listen, react and respond to customer feedback, are finding a quick path to customer engagement.