This feature from EETimes covers the highlights of VerveCon, an annual Convention for Enthusiastic Women in technology that was held last week in Santa Clara.>>>
Sramana Mitra: Does that mean that you don’t invest in the major metro-oriented, the higher end consumer-oriented businesses, or the global enterprise?
Shalini Prakash: Of course, we do. We do everything. Nothing has changed. Most companies that we’re seeing today in the market are mostly focused towards the next 200 or 300 million people. Having said that, we’ve of course invested in the last 12 to 15 months in companies that are completely focused on deep technologies.>>>
In case you missed it, you can listen to the recording here:
Sramana Mitra: You gave a very good and interesting answer to a different question. The question that I was trying to ask you is across the deals that you see, what trends have you seen?
David Lambert: The biggest trend is an extension of a trend that we’ve seen the entire time we’ve been investing. That’s an extension of 30-year trend in the software business.
At the earlier stages of product formation when you’re building your product, it’s gotten cheaper and cheaper every year to build that initial product prototype and to get to that stage where you can go to the market to prove whether you can generate revenue or not.>>>
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Shalini Prakash was recorded in March 2019.
Shalini Prakash, Venture Partner at 500 Startups India, talks about the opportunities in the Indian market.
Sramana Mitra: Let’s start by giving our audience a bit of an orientation of what’s happening at 500 Startups India. How are you positioning the activities of the organization?>>>
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 – a painting, a poem, a piece of music, so forth – 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 – Las Casas de San Miguel de Allende, Mexico
Las Casas de San Miguel de Allende, Mexico | Sramana Mitra, 2013 | Water color, Brush Pen, Ink and Pastel | 12 x 18, On Paper
Related Reading: Build Me This Travel Planning App, Please!
Entrepreneurs are invited to the 444th FREE online 1Mby1M mentoring roundtable on Thursday, May 16, 2019, 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 can register to “attend” to watch, learn, and interact through the online chat.
Photo by Riccardo Annandale on Unsplash
David Lambert: To talk about pivots a little more, we’ve got data across a thousand different companies that we’ve seen evolve over time. The most important thing at these early stages is cash burn.
What ends up happening is, if we invest in a company that has $10,000 MRR, they go out of the gate burning $40,000 to $50,000 a month. They probably raised a round where they’ve got 10 months of runway. Just a few months in, the company is starting to stress about the cash wall that they’re going to hit.>>>