In case you missed it, you can listen to the recording here:
If you are an entrepreneur in the market for raising financing, you need to understand your segment and the investors that align with it. As I keep pointing out, the early stage investment process has segmented significantly into Pre-Seed, Seed, Post-Seed, Pre-Series A, Small Series A, Large Series A, and firms and individual investors have started to specialize in a subset of these various stages. This Fall, I’ve asked many seed investors, VCs and Angels, how they decide which founders and startups they will invest in. Please have a listen to these 30-minute podcast interviews to learn which might be a good fit for you.
Amir Banifatemi, Founder and Managing Partner of K5 Ventures, a fund focused on pre-seed, seed, post-seed and early-stage investments from Southern California. Amir is also a Board Member and former President of Tech Coast Angels, a group of 340 angel investors from Southern California.
According to a study conducted by Google, the South East Asian taxi on-demand service is projected to grow from 18% annually over the next nine years to be a $13 billion industry by the year 2025. The number of monthly riders using these services is expected to grow from 7.3 million in 2016 to 29 million by 2025. Singapore-based Grab, also known as GrabTaxi, is riding high on this growth to become the most valuable Billion Dollar Unicorn story from Southeast Asia.
Sramana Mitra: What are the trends in your space right now that you could point to and discuss where there may be open problems corresponding to those trends? If you were starting a new company today along the lines of those trends, what would it be?
Aziz Rahim: I think the biggest trend is the proxies that we had in advertising such as CTR are slowly going away. The norm is backend metrics and showing true conversion. In some ways, new companies should be ready to understand data and provide advertising solutions for their clients. However, at the end of the day, they should know that they are based on a new set of pretty stringent ROI parameters as opposed to proxies that have existed for so long. >>>
During this week’s roundtable, we had several validated business looking to get to the next level.
Their Perfect Gift
First, Thish De Zoysa from London, UK, pitched Their Perfect Gift, a multi-retailer gift card company that already has customers and revenues.
Plan Your Evening
Then Dominic Chartrand, from Montreal who is currently in Nevada, pitched Plan Your Evening, a business focused on offering a portfolio of related services around entertainment event ticketing. It’s an interesting affiliate-fee based business that also has customers and revenues.
Today’s 377th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, December 7, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
Today’s 377th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, December 7, at 8:00 a.m. PST/11:00 a.m. EST/9:30 p.m. India IST. Click here to join. All are welcome!
According to a survey conducted by the Reuters Institute Digital News, 13% of North American users surveyed used Google News as their weekly news aggregator. Reddit came a distant second at 7%, followed by Flipboard with a 5% usage in the region. After years of controversy, Billion Dollar Unicorn club member Reddit is now more confident of its future as it eyes an IPO before the end of the decade.