Sramana Mitra: I want to comment a little bit on your personalized experience theme. I did one of the first ever online personalized fashion companies 20 years ago. The data was not quite there. Now, that’s something that a lot of people are working on. This is a category of products that require quite a
Sramana Mitra: What trends are you seeing in your deal flow? What strikes you as emerging trends? Nnamdi Okike: There are three themes that we use to drive our sourcing strategy. These themes have evolved as a result of what we are seeing in the market, as well as where we’ve done well historically. The
Nnamdi Okike: A second one in a different category is a business called Overtime. Overtime is headquartered in New York. I describe Overtime as ESPN meets Snapchat. It’s very viral content. It’s user-generated. It focuses on the millennial generation that consumes content in a very different way. They’re looking at highlights. They are sharing things
Sramana Mitra: Also I think it’s much easier to build companies when you don’t have your scalp being poached all the time. It’s impossible to build companies when your team is constantly being poached. If you’re located in a major location where there is a lot of competition for talent, it’s very problematic. Nnamdi Okike:
Nnamdi Okike: We look at the round after that. What we are looking for are companies that typically have built an early product and have some early traction. If it’s software selling to small businesses, maybe they have 10 early customers. These are companies that don’t have a lot of revenue. Usually when we come
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nnamdi Okike was recorded in June 2019. Nnamdi Okike is Co-Founder and Managing Partner at 645 Ventures. We have an excellent conversation about trends and his firm’s investment thesis. Sramana Mitra: Tell
Nnamdi Okike is Co-founder and Managing Partner at 645 Ventures. We have an excellent conversation about trends and his firm’s investment thesis.
In case you missed it, you can listen to the recording here: