During this week’s roundtable, we had as our guest Rob Schultz, Managing Partner at Serra Ventures, on catering to startups in under-served geographies. His point of view aligns with what we’ve heard from the likes of Nitin Rai of Elevate Capital in Oregon, Mark Hasebroock of Dundee Venture Capital in Nebraska, and others. Online Food
Sramana Mitra: Sapience was our portfolio company as well. What about the more recent ones? What have you invested in the last couple of years? Padmaja Ruparel: There is LogiNext which is in the logistics space partnered with Sapience. If you look at FarEye, they are tracking logistics. This is a completely real-time tracking system.
Sramana Mitra: There’s a lot going on in Vancouver, especially because the Visa situation is a much easier one in Canada. What are some of your notable companies? You’ve mentioned a few along the way. Have you had exits, for instance, that you want to discuss? Sunil Bhargava: It’s too early for big exits. In
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Sramana Mitra: What you’re pointing out is the fact that even though people believe that entrepreneurship is about risk-taking, successful entrepreneurship is about calculated risk-taking and risk-mitigating. Susan Mason: Absolutely. You have to decide what your objectives are – the risk versus the wealth equation. The early employees take the highest risk. You need to
Gary Little, Co-founder at Canvas Ventures, discusses the various types of venture capital and the evolution of the industry into a rather segmented current eco-system. For an entrepreneur trying to raise money, all this is extremely complicated, but essential to understand, or else, you will find yourself trying to fit a round peg into a square hole.
Sramana Mitra: Let’s talk a little bit about geography as it pertains to IT and IT-enabled services. That includes healthcare IT. Our audiences are focused on IT-enabled services. One core algorithm that we have picked up from the way Indian investors are operating by working with them is that they like all the SaaS, cloud,
Sramana Mitra: The numbers that you quoted like $1 million to $2 million investment in a $5 million round, from the universe that we operate in, people are not ready to raise a $5 million round before a Series A usually. That’s what I find a bit confusing in how you position yourself as a