Entrepreneurs are invited to the 416th FREE online 1Mby1M mentoring roundtable on Thursday, September 27, 2018, at 8 a.m. PDT/11 a.m. EDT/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 can register to “attend” to watch, learn, and interact through the online chat.
Sramana Mitra: One comment I want to highlight is the big difference I see on how the issue is being recorded or reported right now is people are actually naming names. That was not at all common earlier on. It makes a huge difference.
Patricia Nakache: That’s right. Even recently with the Ellen Pao trial, there were names listed there. There didn’t seem to be any repercussions. >>>
Oracle (NYSE: ORCL) has had a rough few months recently. While the company continues to surpass market expectations on earnings, its revenues are a matter of concern for the Street. Above all, analysts remain concerned about its slowing growth within the Cloud revenues.
Sramana Mitra: Talk about the stage that you want to invest in. How do you define Series A? Here in Silicon Valley, what we are seeing is a fragmentation and segmentation of the seed to Series A ecosystem. My second company was funded by NEA as well. At that time, NEA was okay with doing these very early stage deals. They no longer are, because they’re so big. Your point about capital moving further and further upstream is very true.
However, in Silicon Valley, there is a lot of new capital that has come in. A lot of micro-VCs have come into the ecosystem. There is a ton of companies that are doing seed, post seed, pre-Series A, and small Series A. Even the larger funds are going into these $7 million to $10 million Series A. There is a class of funds that is coming in to fill the gap and investing the $1 million to $5 million Series A gap that was created. >>>
Sramana Mitra: You have already cited some of your highlights. Can you talk about other companies that were really interesting companies out of your portfolio that are really emblematic of how invest?
Tim Guleri: I talked about the three buckets. I’ll give you examples in all three. The first one is next generation infrastructure. These are drones and next-generation cellphones. All these next generation physical infrastructure devices have very unique needs for software which runs inside of them.
I gave you an example of Ben’s practice. That’s easier to introduce because I just say, “Look at your cellphone. The motion sensor for that was Ben’s >>>
In case you missed it, you can listen to the recording here:
Sramana Mitra: In terms of segment besides real estate tech, what else do you particularly like to invest in? Is healthcare It one of your sectors?
Patricia Nakache: Broadly, I spend a lot of my time in the consumer space. That can be anything from marketplaces to e-commerce or online services. In the marketplace arena, we’re an investor in Turo which is a peer-to-peer car rental marketplace. I’m an investor in Thread Up. It’s a marketplace for used clothing.
In the marketplace arena, I was also investor in Care.com. Another investment theme is she economy which is recognizing the important role of >>>
Smart speaker player Sonos went public this year. But in the few months that the stock has listed, it has had a rocky start. The company recently announced its first results since the IPO. The disappointing performance sent the stock tumbling more than 20% in the afterhours session. The stock still remains a Billion Dollar Unicorn. >>>