Sramana Mitra: People are scrambling. There are a lot of people in the industry who are also scrambling to put in little bits of money. By the time you get to raising Series A, you’ve raised six rounds of financing already. Jon Staenberg: I love to refer to the millennial problem. Pivoting, sometimes, is a
Sramana Mitra: You said earlier that you’re interested in Bitcoin. Can you talk a bit more about how you’re analyzing the Bitcoin situation? Bitcoin is not a capital-efficient area to invest in. It’s going to be expensive more often than not. How are you parsing the Bitcoin opportunity? Jon Staenberg: Let me step back for
Sramana Mitra: Have you selected where you want to play in this continuum? Jon Staenberg: I haven’t. Maybe it’s a bad strategy on my part to say I’m more opportunistic, but I don’t have a fund right now. I’m investing on my own or I’m investing with syndicates. I have a group of people I
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. If you haven’t already, please study our free Bootstrapping course and the Investor Introductions page. The following interview with Jon Staenberg of Staenberg Venture Partners was recorded in November 2017. Jon Staenberg, Managing Partner at Staenberg Venture
Sramana Mitra: What is the size of the fund? Padmaja Ruparel: $70 million. The IAN platform represents a way of raising money from $30,000 to almost $7 million. All they need to do is to keep performing and growing the company and money will be available. I think that this is the new gap that
Sramana Mitra: Let’s talk a little bit about geography as it pertains to IT and IT-enabled services. That includes healthcare IT. Our audiences are focused on IT-enabled services. One core algorithm that we have picked up from the way Indian investors are operating by working with them is that they like all the SaaS, cloud,
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Padmaja Ruparel was recorded in December 2017. Padmaja Ruparel is Co-founder, Indian Angel Network (IAN), and Founding Partner, IAN Fund. She has been a key player in shaping India’s still somewhat nascent startup eco-system.
Sramana Mitra: That’s an interesting position because venture capitalists manage portfolios. Entrepreneurs manage their life. Your life is not a portfolio. Life is life. You can do one company. If you fail, then it’s writing off a lot of your life. Joel Lessem: I’ve had a couple of conversations. I once said, “Here’s the problem.