1Mby1M Virtual Accelerator Investor Forum: With Zain Jaffer, Partner at Blue Field Capital (Part 4)

Sramana Mitra: What check size do you write?

Zain Jaffer: Overall, $750,000. We started with a $300,000 and followed on with $450,000. Sometimes we can do million dollars plus between seed and follow-on.

Sramana Mitra: This is a wonderful case study. What else are you excited about?

Zain Jaffer: I’ll give you another case study. This is an anti-case study. Sometimes VCs don’t know what they’re doing. They come up with all of these criteria. When the rubber meets the road, everything goes out the window. This is an investment I made before I set up my VC fund.

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1Mby1M Virtual Accelerator Investor Forum: With Zain Jaffer, Partner at Blue Field Capital (Part 3)

Sramana Mitra: As you are looking at this space, what is the scope and scale of the number of startups operating in North America?

Zain Jaffer: I saw 500 startups last year. That’s just what I tracked in my CRM. The number is mind-boggling. With any industry, only a few will make it. I don’t know what the actual number is, but PropTech is becoming a big segment. It’s a niche segment that’s an intersection of FinTech and marketplaces.

1Mby1M Virtual Accelerator Investor Forum: With Zain Jaffer, Partner at Blue Field Capital (Part 2)

Sramana Mitra: Let’s focus on the PropTech part of your work. You said you’re doing pre-seed and seed in that sector?

Zain Jaffer: Yes.

Sramana Mitra: What’s the geographical boundary of this?

Zain Jaffer: We try to stay focused on the US market. We are also open and have done many companies that plan to expand to the US. They may also be based anywhere in the world but they just happen to have US customers. Ideally, the US is the top focus though.