When pitching venture firms, entrepreneurs typically include a slide
that shows revenue curving sharply up and to the right shortly after
launch - what’s known as the “hockey stick” - but even the best
companies rarely meet those projections.One notable exception is Palo Alto Networks Inc., which, as it begins its fourth full year since launching in early 2006, is on pace to have more than $100 million in sales.
The provider of network firewalls is “definitely the fastest growing company we’ve had in our history,” said Venky Ganesan, a managing director with Globespan Capital Partners, which including its predecessor firm has invested in about 120 companies over 12 years. (Palo Alto Networks other investors include Greylock Partners, Jafco Ventures and Sequoia Capital.)
To read the full, original article click on this link: A Start-Up That Actually Met Its ‘Hockey Stick’ Revenue Projection - Venture Capital Dispatch - WSJ
Author: Scott Denne
