Sramana Mitra: Comment on unicorn mania for me. We went a little bit crazy with this concept of unicorns. There’s just this very unfortunate twist that the industry has taken. How do you parse unicorn mania? Nate Redmond: Unicorn status, if you will, became a marker of success that obviously is artificial in many ways.
Sramana Mitra: Talk about some of the highlights of your portfolio. What have you invested in that you’re excited about? Nate Redmond: We have been fortunate to watch the early development of our portfolio. We have this company called House Canary. We have a belief and a thesis that residential real estate, as an asset
Sramana Mitra: What about stage? Are you investing in concept? Are you investing in a little bit of traction? What is comfortable? Nate Redmond: Many investors have been using stage as a segmentation that is reflective in terms of process both in terms of sourcing and understanding of a business. We are early stage investors. By
Nate Redmond: Investors including myself sat and looked at the company and didn’t quite understand the size and scope of the opportunity. Being an expert in hospitality didn’t necessarily help you. In fact, it probably created blind spots. The focus for us is really understanding how you can engage a supply base and organize it
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Nate Redmond of Alpha Edison was recorded in February 2018. Nate Redmond, Managing Partner at Alpha Edison, a VC who has put trust-driven ventures at the center of his investment thesis. It’s a very