Sramana Mitra: Let’s do one example from your rocketship portfolio that illustrates more of what you’re doing today. Anand Rajaraman: I’ll give you an example from India. We are an investor in Moglix. It’s a company based in Delhi. They are in the B2B e-commerce space.
Sramana Mitra: Did Facebook come to you or did you go to them? Anand Rajaraman: A bit of both. At that point, they already had Peter Thiel’s money. He was the only investor at that time. They had just launched at Harvard and Stanford. Within those universities, we could see the growth. At that time,
Sramana Mitra: What is the preferred check size for your fund? Anand Rajaraman: We write about $2 million to $3 million checks, which means that we could co-lead in the US. In foreign geographies, we might even be the lead. In a B round, we follow.
Sramana Mitra: What is the fund size of rocketship.vc? Anand Rajaraman: We are on fund two. It’s $120 million. Fund one was a $40 million fund. That’s fully deployed. We started investing fund one around late 2015. We have about 30 odd companies in the portfolio. We’ve just started deploying fund two.
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Anand Rajaraman was recorded in October 2019. Anand Rajaraman, Founding Partner at rocketship.vc, was an early investor in Facebook. Among other things, we discuss how the quality of startups from India has
Anand Rajaraman, Founding Partner at rocketship.vc, was an early investor in Facebook. Among other things, we discuss how the quality of startups from India has been improving.