For our Seed Capital series of podcasts, I’ve interviewed hundreds of investors, especially micro-VCs and angels who play an important role in the early-stage game. The toughest round of funding an entrepreneur will seek to raise is Pre-seed. How do you increase your odds?
Pre-seed has the lowest probability of success. Over 99% of the entrepreneurs who seek financing are rejected. Read more about the Probability of Pre-Seed Funding.
Sramana Mitra: I’m sure you are seeing that category of entrepreneurs in the geographies that you’re catering to. That is a true statement. They’re benefiting from the fact that the ultralight startup trend is really taking off right now because of AI.
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Yesterday, AMD (NYSE:AMD) announced its first quarter earnings that outpaced market expectations. The overall export issues with China will result in $700 million in lost revenue for the current quarter.
Sramana Mitra: The founders that are prized are founders who bring that kind of deep domain knowledge with which to build something differentiated.
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Yesterday Palantir (NYSE: PLTR) announced its first quarter earnings that outpaced market expectations. Driven by strong government contracts, the company raised its outlook for the year as well.
Sramana Mitra: So, tell me a little bit about fund two. What are you expecting to see? I’m sure you have some sort of a pipeline and deal flow that’s already built up as you are starting to divest your second fund. What is happening in the geographies you are interested in? Tell us more about what’s happening in the tech enabled services work.
>>>Sramana Mitra: What size checks do you write?
Mark Phillips: Out of fund two, we’re writing a $1-$1.5 million check into to portfolio companies over the course of the next two to three years.
>>>I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I am about art and culture. In this series, I will typically publish a piece of art – one of my paintings – and I request you to spend a minute or two deeply meditating on it. I urge you to watch your feelings, thoughts, reactions to the piece, and write what comes to you, what thoughts it triggers, in the dialog area. Let us see what stimulation this interaction yields. For today – July
July | Sramana Mitra, 2019 | Watercolor, Ink | 16 x 20, On Paper