Laurel Touby, Managing Director of Supernode Ventures, talks about pre-seed investing in Latin America. Sramana Mitra: How has COVID been? How have you been? How has the business environment for you been?
Sramana Mitra: What check sizes are you writing in the seed stage? John Frankel: Our check sizes are from $300,000 to $700,000 for 10% of the company. Sramana Mitra: What are the secrets of your higher hit rate? What are some of the nuggets that you have learned? What are the best practices?
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. My conversation from 2014 with Gaurav Khandelwal, CEO of ChaiOne, became an interesting strategy discussion about a company doing substantial revenue based on services, had productized a piece of its services business that was also generating over a million in revenue. Sramana: Gaurav, let’s go to
Rajeev Madhavan: If you look at that space, Andy Bechtolsheim was a big investor. He would invest his money to help get rid of the issues that he sees in that space. That applies even today, except that now you have a lot of investors in Silicon Valley, so your ability to get that small
Sramana Mitra: The deal size at which you had to meet in person has vastly changed. You can do large deals and raise investments without meeting in person. That is a massive shift and a massive removal of friction in scalability, fluidity, and velocity in any company’s growth trajectory. John Frankel: Totally. It is amazing
Entrepreneurs are invited to the 527th FREE online 1Mby1M Mentoring Roundtable on Thursday, April 22, 2021, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others
If you have been bootstrapping and think you are ready for investors, you need to learn how investors think. First, please study our free Bootstrapping course and Investor Introductions page. Then start looking for entrepreneur – investor fit. Today I introduce you to Ravi Mohan. Ravi Mohan is Managing Director at Shasta Ventures, a firm that has invested in
Rajeev Madhavan: It’s no longer enough to provide a set of solutions. You have to provide the entire platform as a solution. Salesforce was the first one to apply this. I was one of the first customers when I was at Magma deploying Salesforce. We had the same VC as Salesforce so I had no