1Mby1M Virtual Accelerator Investor Forum: With Bhaskar Ghosh, Partner and CTO at 8VC (Part 4)

Sramana Mitra: There is a Series A gap. There are investors that are doing pre-Series A, but it’s a smaller pool. The Series A investors want to see a lot in place before they’re willing to write a check. How do you see this? This is not specific to your firm. I’m asking you generally as an industry observer. How do you see this resolving?

Some of the trends we are seeing is that some of the pre-seed and seed companies are exiting into companies that have raised a lot of money without trying to raise as much money themselves. They have to find some path either through exit, funding, or becoming profitable.

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1Mby1M Virtual Accelerator Investor Forum: With Bhaskar Ghosh, Partner and CTO at 8VC (Part 3)

Sramana Mitra: Talk a little bit about this company that you invested in from the Freshworks ecosystem. Is it built on the Freshworks stack?

Bhaskar Ghosh: The founders are second-time founders. Their first company, Rocketlane, was acquired by Freshworks. I just want to call something out. We are huge fans of the entrepreneur ecosystem coming out of Freshworks and Zoho, which have revolutionized the B2B SaaS ecosystem of India.

Video FAQs

Colors: Skye I

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 – Skye I

Skye I | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8  x 8, On Paper

Colors: Purple Fall

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 – Purple Fall

Purple Fall | Sramana Mitra, 2021 | Watercolor, Pastel, Brush Pen | 8  x 8, On Paper

1Mby1M Virtual Accelerator Investor Forum: With Bhaskar Ghosh, Partner and CTO at 8VC (Part 2)

Sramana Mitra: Let’s focus on the pre-seed and seed first. Are you investing in concepts? Are you looking for a certain amount of proof point? What is the sweet spot?

Bhaskar Ghosh: If you look at founders, products, and market, we focus heavily on the founder and on the market size. We are not looking for product-market fit. We are not even looking for a product. We tend to gel closely with highly technical entrepreneurs. There is bimodal DNA there. We do back first-time entrepreneurs coming out of schools. We have a very strong campus program at Yale, Caltech, MIT, Harvard, and Stanford. We tend to back founders out of these campuses fairly heavily.

Best of Bootstrapping: Bootstrapped a Freemium Business with a Paycheck

If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. 

Aytekin Tank, Founder and CEO of JotForm, is a Turkish entrepreneur who bootstrapped his company with a paycheck. When we spoke in 2015, he was using a freemium business model, and a virtual team strategy to scale.

Sramana Mitra: Let’s start at the very beginning of your journey. Where were you born, raised, and in what kind of background?

Aytekin Tank: I was born in Istanbul. I spent my childhood moving from city to city since my family worked for the government. Constantly having to adapt and make friends instilled in me an appreciation for different cultures and meeting new people. We have offices in San Francisco and in Turkey. We have remote workers in 20 countries.

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