Sramana Mitra: I will make a few comments to put it in perspective. We have all kinds of entrepreneurs here. People working on a smaller TAM opportunity have plenty of conviction. If you’re the market leader in a space that is a niche, you can have plenty of conviction and build a great business. You
Sramana Mitra: This is a slightly different line of questioning. You explicitly mentioned that you are looking for companies that are looking to sell to the female demographics or purchase cycles that are influenced by the female demographics, however, your fund invests in both male and female founders. Can you comment on whether you believe
Sramana Mitra: When you’re looking at enterprise deals, what are you comfortable with in terms of validation level? Are you looking for paying customers? Product ready but with no customers?
Sramana Mitra: What do you think of unicorn mania? Are you chasing unicorns? What’s your analysis of the desire for unicorns? Gary Little: We don’t chase unicorns. You start with things that look like mules and we try to grow them to a unicorn. When we select companies, we try to find companies that have
Sramana Mitra: My observation having talked to lots of investors at this point on this topic is that the answers tend to vary significantly. There’s a class of investors who are only interested in billion-dollar plus TAMs. Then there’s a body of investors coming together now who are doing smaller funds like yourself who are
Sramana Mitra: What about your other syndicate group? Does it have the same kind of structure? Amos Ben-Meir: OurCrowd is actually a venture firm. It was formed around 2013 by an experienced venture capitalist by the name of Jonathan Medved. They basically raised a fund of their own. They vet deals like a normal venture
Sramana Mitra: What about geography? Gary Little: We just have three partners now. Our target is never to have more than five partners. Since we’re early, our main task when we get that technical team is to help them recruit their Head of Sales, Head of Marketing. At some point, maybe Head of Product and
Sramana Mitra: Give us a flavor of what these companies are and how that aligns with your investment thesis. Help us understand your thought process in what about those companies have compelled you to invest. Christina Brodbeck: I can go through four companies in our portfolio that we invested in. I’ll give you a little