When Steve Blank sent FLOODGATE Partner Ann Miura-Ko a bunch of math papers about “topological data analysis,” she immediately hunted down Gurjeet Singh to see if he was ready to start a company based on his team’s research.
At the time, Gurjeet had not raised money for Ayasdi and Ann was new to FLOODGATE. But she grabbed a check from Mike Maples’ desk, made it out to Ayasdi for $1 Million, and stood outside of Gurjeet’s class. She said to him, “I would die if you took money from anyone else.”
It took 9 months to convince Gurjeet to take that first $1 Million, even though $100 Million of subsequent investment would follow from the most celebrated firms in Silicon Valley.