Mike Smerklo
Managing Director at Next Coast Ventures,
Mike Smerklo
Managing Director at Next Coast Ventures,
Austin, Texas
Overview
Work Experience
Co Founder & Managing Director
2015 - Current
Next Coast Ventures is a private equity firm headquartered in but not limited to Austin, Texas. Next Coast invest in amazing entrepreneurs who are building disruptive companies in big markets. I co-founded this firm with long time associate and great investor / entrepreneur, Tom Ball. www.nextcoastventures.com Www.mikesmerklo.com
Author - Mr. Monkey and Me, A real survival guide for entreprenuers
2015
I’m focused on helping other entrepreneurs reach their goals by sharing what I have learned along the way. My blog is focused on the non-obvious things I learned along my journey. I call it “TOS,” which is short for The Other Sh*t. Lessons that you can’t learn in standard business books, big company jobs or in a classroom. TOS comes from being an entrepreneur, taking risk and making mistakes. My goal is to share my learnings about TOS so I can help other entrepreneurs be successful. I’m primarily focused on leadership, growth and helping companies scale. And I hope that you will laugh at least once when reading my posts, even if just on the inside. The entrepreneur’s journey is really, really hard work – but there is no other job like it in the world. So now I’m focused on investing in and working with exciting growth companies – especially helping amazing entrepreneurs grow and scale their businesses.
Board Member
2018
Board Member
2017
Board Member
2018
Board Member
2019 - 2023
Board Member
2018 - 2021
Board Member
2017 - 2021
Board Member
2014 - 2018
SPS Commerce perfects the power of trading partner relationships with the industry's most broadly adopted, retail cloud services platform. As a leader in cloud-based supply chain management solutions, SPS provides proven integrations and comprehensive retail performance analytics to thousands of customers worldwide. SPS Commerce has achieved 55 consecutive quarters of revenue growth and is headquartered in Minneapolis.
Chairman of the Board of Directors
2008 - 2015
ServiceSource International, Inc. (ticker - SREV), is the global leader in cloud-based recurring revenue management solutions. The company helps customers drive growth and build long-standing relationships across the customer lifecycle with the industry's most comprehensive data management, analytics, automation and services capabilities. Through Renew OnDemand™, Scout® and proven services, ServiceSource delivers higher subscription, maintenance, and support revenue, improved customer retention, and increased business predictability. Headquartered in the Cloud Corridor of San Francisco, ServiceSource® manages $14.5 billion in recurring revenue for the world's largest and most respected technology and B2B companies.
Chief Executive Officer
2003 - 2014
Raised capital to buy ServiceSource when the company had one office, 35 employees and a few million dollars in revenue. Served as CEO for almost 12 years and under my direction ServiceSource grew from a groundbreaking idea into a publicly-traded company that is the market leader in Recurring Revenue Management. (NASDAQ: SREV). Launched a SaaS offering, Renew OnDemand, that went from concept to $30 million in ARR in four years. ServiceSource won a 2013 Stevie Award for Sales/Customer Service solutions Technology Partner of the Year. The company’s cloud application, Renew OnDemand™, also won a 2013 Stevie Award for Best New Business Intelligence Solution. Named Ernst & Young Entrepreneur Of The Year® Award Finalist in Northern California in 2010. Retired in 2014 and helped recruit and hire a world class CEO to take the organization and business to the next level.