Sramana Mitra: Where in the grand spectrum of possibilities, in which markets, which segments do you see venture-scale brand opportunities in? Tod Francis: I hate to dodge this question, but I think it’s actually hard to sit here and say this category and not that category because it’s about how the entrepreneur sees the execution
Sramana Mitra: I hear a theme in what you’ve described – creative ways of playing the gaps or issues in the financial services market. I want to ask you for your thoughts on the small business financing market. I know OnDeck, to some extent, plays in that market for a particular category of companies. Lending Club
Ira Weiss, General Partner at Hyde Park Venture Partners based in Chicago, talks about venture activity in the MidWest.
Sramana Mitra: So your hypothesis is that a lot of these surplus IT workers with different levels of IT expertise will get absorbed by, at least a portion of them, the startup ecosystem – the technology startup ecosystem. Mohit Gulati: I would refrain from using the word will get. I would use the word should
Sramana Mitra: One of the things that I’d like to point out is we work with people at a very early stage. It’s not always viable to start with your own product. This is where the parallel with the department retail business comes in. If you look at the P&L’s of department stores like Macy’s
Sramana Mitra: It sounds like one of the strategies your firm is following is analyzing a macro trend and making multiple bets on that industry. Warren Weiss: We’re trying to go deep in certain areas. We see this is a decade of the CMOs and so CMOs will spend more time to automate a business.
Sramana Mitra: But there are two or three different trends that need to be parsed within that one. Is there is a job loss phenomenon that is going to happen in the white-collar because of the IT industry, which is one of the biggest growth drivers in India for a while now. As the IT services
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Tod Francis was recorded in September 2014. Tod Francis, Managing Director at Shasta Ventures, starts with a discussion on the history of retail, all the way from shoe stores, to departmental stores, and back