Sramana Mitra: What else is interesting in your structure that is worth discussing that I have not discussed with you yet? Utsav Somani: I think you’ve pretty much covered everything. There are some really good companies coming out of India. Sramana Mitra: Can you talk about them? Utsav Somani: It’s too early to be disclosing
Sramana Mitra: What direction does the deal flow? Is it the VC’s who are coming to AngelList, or AngelList is chasing these deals? Utsav Somani: We are the largest tech-enabled cloud platform in the world. We are more of a product company than a service company. Our product are the syndicate products. You go do
Sramana Mitra: I’m going to double-click down on a bunch of points you made. You said the angel networks like Mumbai Angels work like glorified VC funds versus AngelList. Elaborate and contrast the fee structures. Utsav Somani: Everyone is structured in a different way. They help different people. The offline angel networks are places where
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Utsav Somani was recorded in May 2018. Utsav Somani, Angel Investor at AngelList India, talks about the newly launched AngelList India. Sramana Mitra: Tell us about the investing focus of AngelList in
Sramana Mitra: Talk a little bit about your investments. First and foremost, what have been some of your most interesting and satisfying investments so far? Don Hutchison: If I look at deals that have graduated, I would say Sugar Media would be one. They’re a software stack for managing personal media at home. It was
Sramana Mitra: We see cap notes a lot in Silicon Valley, but if you go outside of Silicon Valley, people are still using equity vary aggressively. We, very often, see terribly diluted deals at very early stages. Don Hutchison: That is the historic nature of equity investment. The issue you’re talking about is before notes
Sramana Mitra: There are 70,000 seed investments a year and only about 1,200 to 1,500 venture investments. There is a huge Series A gap that people have to deal with. How do you recommend the seed investors as well as the entrepreneurs who are raising seed money mitigate the gap? Don Hutchison: You’re going to
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Don Hutchison was recorded in October 2017. Don Hutchison is one of the most experienced and long-term Angel investors in Silicon Valley. We discuss the trends of the industry and ways to mitigate